Markets · Asset allocations

'The real risks are not yet incorporated in tech stocks'

ASML Cleanroom EUV in Veldhoven, the Netherlands. Photo: ASML.

This year is a tough one for tech stocks. Even companies like Dutch-based ASML, Europe’s leading high-tech company and the world's main supplier of machines for the semiconductor industry, have seen their share prices fall by more than 45 percent this year, despite record profits. For investors, these are not the times to be very courageous, because the really big risks have not yet been discounted. 

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