The Pandemic Tide Is Receding in Tech
After two years of pandemic-induced demand and supply shocks to the system, we are getting our first good look at the new normal. At the same time, the stock market’s bout of turbulence has impacted wide swaths of the tech sector. Many are now connecting the two developments and declaring the start of some kind of pandemic-induced tech recession. History is being rewritten, and current developments are being misdiagnosed.
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