RiskReversal Pod Have We Reached Peak Uncertainty?
Mar 4, 2025
Jesse Chasse, Head of Tech Equity Capital Markets at RBC Capital Markets, shares his insights on the current market landscape. He discusses the recent sell-off driven by tariff news and its effects on small and mid-cap companies. The conversation dives into the complexities of the IPO pipeline and the vital role of liquidity for private tech firms. Chasse highlights how AI and large-cap IPOs could shape market health moving forward and reflects on the broader economic resilience amid significant regulatory scrutiny.
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Semiconductor Trade Underperforms
- NVIDIA's stock hasn't recovered since its large drop after reporting earnings.
- The semiconductor trade has underperformed since July 2023.
Tech Giants Falter
- Microsoft and NVIDIA haven't reached new highs since July 2023.
- Amazon and Google declined after their CapEx guidance.
Taiwan Semi Decline
- Taiwan Semi's stock has dropped significantly since its all-time high in January.
- The CEO's visit to the White House and a $100 billion investment announcement are noteworthy.