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2026-09-21 16:14:21
[ECB Governing Council Member Panetta Warns of Overly Optimistic Tech Company Valuations] ⑴ European Central Bank Governing Council member Fabio Panetta warned that overly optimistic valuations of tech companies could make the market prone to sharp corrections. ⑵ The Italian central bank governor stated that current asset prices reflect the market's optimistic expectations for the future profitability of artificial intelligence. ⑶ Such valuations help tech companies raise funds and continue to invest, but once expectations are not met, the market is prone to significant corrections, as evidenced by the recent volatility in tech stocks.
