Tech stocks rebound as markets react to Iran conflict
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Recent market movements show a broad retreat across many sectors since late February. Materials, consumer staples and healthcare have all fallen sharply as the escalation of the US–Iran conflict pushed oil prices higher and unsettled global markets.
Information technology has moved in the opposite direction. After a difficult start to the year, when software stocks experienced a significant selloff, parts of the technology sector have recovered during the recent period of geopolitical tension.
The rebound reflects where investors believe spending may accelerate during periods of conflict. Defence technology, artificial intelligence and cybersecurity companies have attracted renewed interest as governments and corporations increase spending on digital security and military related software. In market rotations shaped by geopolitics, technology is increasingly tied not only to economic growth but also to national security.
Source: Financial Times
What makes markets fascinating is how quickly the story changes. A sector that looked unstoppable one year can struggle the next, while companies written off by investors quietly deliver the strongest returns.
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