The Tech Sector May Not Be as Overheated as Some Think

There’s no doubt that some tech companies are drawing valuations they won’t live up to. Risk is alive and well in the sector.

But evidence is mounting that the private and public tech markets are more rational than some headlines make you think. This isn’t to say that we’re not nearing the peak of a cycle. Markets are cyclical, and there will be a downturn. But it feels like that correction may be shaped more by broader economic conditions than anything intrinsic to tech.