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Brad Mills raises concerns about the current state of the technology investment sector, noting that many software companies have experienced more than a 50 percent drop in value.
He points to the Goldman Sachs non-profitable tech index (GSXUNPTC) as a relevant indicator of market trends, though he acknowledges not having reviewed it since 2024. Mills suggests that the market does not seem overheated, indicating potential cooling across sectors.
Mills's perspective on the cooling of the technology investment landscape is further informed by his previous examination of the risks surrounding crypto hype manipulation, where he flagged concerns about speculative approaches hijacking current market sentiment. For a deeper understanding of these dynamics, see his analysis on crypto hype manipulation concerns.