{"id":69253,"date":"2026-01-30T02:39:56","date_gmt":"2026-01-30T05:39:56","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/887844941"},"modified":"2026-01-30T02:39:56","modified_gmt":"2026-01-30T05:39:56","slug":"blaming-inflation-for-the-slide-in-tech-stocks-think-again","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/01\/30\/blaming-inflation-for-the-slide-in-tech-stocks-think-again\/","title":{"rendered":"Blaming inflation for the slide in tech stocks? Think again"},"content":{"rendered":"<div class=\"b661c1fd082d4a03-breadcrumbAndPrint\">{&#8220;@context&#8221;:&#8221;https:\/\/schema.org&#8221;,&#8221;@type&#8221;:&#8221;BreadcrumbList&#8221;,&#8221;itemListElement&#8221;:[{&#8220;@type&#8221;:&#8221;ListItem&#8221;,&#8221;item&#8221;:{&#8220;@id&#8221;:&#8221;https:\/\/www.afr.com\/markets&#8221;,&#8221;name&#8221;:&#8221;Markets&#8221;},&#8221;position&#8221;:1},{&#8220;@type&#8221;:&#8221;ListItem&#8221;,&#8221;item&#8221;:{&#8220;@id&#8221;:&#8221;https:\/\/www.afr.com\/markets\/equity-markets&#8221;,&#8221;name&#8221;:&#8221;Equity Markets&#8221;},&#8221;position&#8221;:2}]}<\/div>\n<header class=\"ffc8ee63da785b43-header\"><\/header>\n<section class=\"ffc8ee63da785b43-articleBylineToolsWrapper\">\n<div class=\"ffc8ee63da785b43-avatarWrapper\">\n<figure class=\"ffc8ee63da785b43-avatar _78513498480b2b42-figure\" data-pb-type=\"im\"><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Grace Lagan\" class=\"_78513498480b2b42-image\" data-testid=\"Image-image\" fifu-data-src=\"https:\/\/i3.wp.com\/static.ffx.io\/images\/$width_140%2C$height_140\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c?ssl=1\" data-id=\"f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c\" data-pb-im-config=\"{\"urls\":[\"https:\/\/static.ffx.io\/images\/$width_100%2C$height_100\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c\",\" https:\/\/static.ffx.io\/images\/$width_200%2C$height_200\/t_crop_fill%2Cq_auto:best%2Cfl_any_format\/f901235172182d8ea62c4b5f5ddd2bb9aa69c303e61a3e26e6cf39b646b0892c 2x\"],\"width\":100,\"aspectRatio\":1,\"type\":\"square1x1\"}\" width=\"100\" height=\"100\"><\/figure>\n<\/div>\n<section class=\"ffc8ee63da785b43-articleMetadata\">\n<div class=\"_9763c3afadc077d4-timestamp\" data-testid=\"ArticleTimestamp\"><time data-testid=\"ArticleTimestamp-time\">Jan 30, 2026 \u2013 4.00pm<\/time><\/div>\n<\/section>\n<\/section>\n<div class=\"b661c1fd082d4a03-articleBodyShort b661c1fd082d4a03-articleBodyTop\">\n<div class=\"b661c1fd082d4a03-articleBody\" id=\"endOfArticle\">\n<p>It\u2019s the perfect narrative. Inflation data is released, the market expects a cash rate rise, and the ASX\u2019s rate-sensitive technology sector suffers. But fund managers say worsening sentiment and investor ire at stock-based compensation are bigger problems for the ASX\u2019s technology companies. And that\u2019s not to mention the uncertainty created by the arrival of artificial intelligence on the future growth of a string of listed software businesses.<\/p>\n<p>\u201cThe thematics driving this are much bigger and much stronger than a 25 basis point rise in rates,\u201d said Forager Funds chief investment officer Steve Johnson. The firm, which has around $470 million in funds under management, had about 40 per cent of its portfolio in tech stocks three years ago but has dramatically reduced its exposure since.<\/p>\n<div class=\"_6627110095b95397-ellipsis\">Loading&#8230;<\/p>\n<figure><\/figure>\n<figure><\/figure>\n<figure><\/figure>\n<figure><\/figure>\n<\/div>\n<\/div>\n<div class=\"f4b0b08bd3d24217-articleFooter\" data-testid=\"ArticleFooter\">\n<div class=\"f4b0b08bd3d24217-articleTools\">\n<div class=\"f059654aefde12b1-wrapper\" data-testid=\"ArticleGiftArticle\">\n<div class>\n<div class=\"d6475070fa5e1d14-body\">\n<div class=\"d6475070fa5e1d14-modalWrapper d6475070fa5e1d14-closeActionTriggered d6475070fa5e1d14-notLoggedIn\">\n<p class=\"d6475070fa5e1d14-title\" data-testid=\"Modal-title\">Subscribe to gift this article<\/p>\n<p class=\"d6475070fa5e1d14-giftDescription d6475070fa5e1d14-noMaxWidth\" data-testid=\"Modal-description\"><span>Gift 5 articles to anyone you choose each month when you subscribe.<\/span><\/p>\n<p><a data-testid=\"Modal-subscribe-button\" href=\"https:\/\/subscribe.afr.com\/?promote_channel=HI_AGFT_GNL_GIFTCTA&amp;utm_source=ArticleGifting&amp;utm_medium=HouseInventory&amp;utm_campaign=General&amp;utm_content=GiftCTA\" class=\"d6475070fa5e1d14-subscribeButton\">Subscribe now<\/a><\/p>\n<p class=\"d6475070fa5e1d14-subscribeSubtext\">Already a subscriber?<!-- --> <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"_35cc66cc07c9e6a0-aside\"><\/aside>\n<div>\n<div>\n<div class=\"_3a81179943a6166f-wrapper\">\n<div class=\"_3a81179943a6166f-latest _0d67e72df918f431-wrapper\">\n<header class=\"_0d67e72df918f431-header\" data-testid=\"ContentUnitHeading-header\">\n<h2 class=\"_0d67e72df918f431-heading\" data-pb-type=\"hi\" data-testid=\"ContentUnitHeading-heading\"><span>Latest In Equity markets<\/span><\/h2>\n<\/header>\n<div class=\"_0d67e72df918f431-body\">\n<p>Fetching latest articles<\/p>\n<\/div>\n<\/div>\n<div class=\"_3a81179943a6166f-mostViewed\">\n<div>\n<section class=\"_8d35bb9e84374322-wrapper\" data-contentunit-id=\"0\">\n<header class=\"_8d35bb9e84374322-header\" data-testid=\"ContentUnitHeading-header\">\n<h2 class=\"_8d35bb9e84374322-heading\" data-pb-type=\"hi\" data-testid=\"ContentUnitHeading-heading\"><span>Most Viewed In Markets<\/span><\/h2>\n<\/header>\n<ol class=\"_8d35bb9e84374322-stories\"><\/ol>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; the ASX\u00e2\u0080\u0099s rate-sensitive <span class=\"match\">technology<\/span> sector suffers. But fund managers &#8230; problems for the ASX\u00e2\u0080\u0099s <span class=\"match\">technology<\/span> companies. And that\u00e2\u0080\u0099s not &#8230; cent of its portfolio in <span class=\"match\">tech<\/span> stocks three years ago but &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-69253","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/69253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=69253"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/69253\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=69253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=69253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=69253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}