Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Fidelity: Tech Stocks Can Keep ‘Climbing the Wall of Worry’
Business & Finance

Fidelity: Tech Stocks Can Keep ‘Climbing the Wall of Worry’

Bloomberg Technology Monday 12 October 2026, 18:10 UTC 1 min read
Key Points

Bloomberg Tech Oct 12th, 2026 Fidelity: Tech Stocks Can Keep ‘Climbing the Wall of Worry’ Fidelity’s Denise Chisholm says technology stocks have undergone an unusually large valuation reset even as earnings expectations continue to rise, potentially leaving the sector positioned for further gains. She discusses why tech’s roughly 30% multiple contraction may already reflect concerns about slowing AI and technology spending, and why historical data suggests a slowdown in tech capex doesn’t...

Bloomberg Tech Oct 12th, 2026 Fidelity: Tech Stocks Can Keep ‘Climbing the Wall of Worry’ Fidelity’s Denise Chisholm says technology stocks have undergone an unusually large valuation reset even as earnings expectations continue to rise, potentially leaving the sector positioned for further gains. She discusses why tech’s roughly 30% multiple contraction may already reflect concerns about slowing AI and technology spending, and why historical data suggests a slowdown in tech capex doesn’t necessarily mean a contraction. She joins Ed Ludlow on "Bloomberg Tech."
Fidelity: Tech (ORG) Denise Chisholm (PERSON) AI (ORG) Ed Ludlow (PERSON) Bloomberg Tech (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

UK Grid Seeks Emergency French Power to Secure Supplies

UK Grid Seeks Emergency French Power to Secure Supplies Britain’s grid operator sought emergency assistance from France on Monday evening, requesting as much as 1,200 megawatts of additional electricity through an undersea interconnector to help maintain the security of the power system. The National Energy System Operator made the request after the return to service of a power-system asset was delayed, reducing the network’s available capacity Monday afternoon, according to a post on X.

Bloomberg Markets 18m ago

Microsoft, Micron and Meta make news. Here's what the updates mean for our stakes

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P 500 is slightly lower , weighed down by technology and consumer discretionary stocks, ahead of the start of third-quarter earnings season. All other sectors were positive, including energy, with the Energy SPDR ETF hitting a new intraday all-time high.

CNBC 24m ago

Americas have glut of heavy oil due to freight squeeze; Asia, Europe scramble for barrels

Americas have glut of heavy oil due to freight squeeze; Asia, Europe scramble for barrels HOUSTON, Oct 12 : Dense heavy crude, which oil refiners around the world favor for its typically low cost, is piling up in the Americas as soaring freight rates have stifled exports and US refiners have been running close to their limits. The glut in North and South America has opened an unusual split in the global oil market, as buyers in Asia and Europe struggle with supply shortages and benchmark...

Channel News Asia 24m ago

A massive trade just happened in surging shares of Snap

Don't call it a comeback yet, but shares of beleaguered social media stock Snap Inc. are up almost 20% this month and options traders are betting it's about to go on a big run. Snap shares have traded under $10 since July 2025 following a near-complete collapse from over $80 at the stock's high in 2021 to a low of $3.81 in April. But now, as excitement swirls over social media giant Meta Platforms' AI agent, traders are pouring into Snap call options on Monday, propelling trading volume to...

CNBC 28m ago