Technology investing has fundamentally shifted. It's no longer just chasing growth metrics—geopolitical alignment, supply chain resilience, and strategic positioning now matter just as much.

This transition is reshaping how investors think about asset allocation and market cycles. The tech boom-bust patterns we've seen before might not repeat. Instead, expect a new dynamic where regulatory environment, international relations, and industrial policy become primary drivers alongside traditional fundamentals.

The next market cycle could look radically different from previous ones. Understanding these new variables isn't optional anymore—it's essential for anyone navigating this space.