Topic: #valuation
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Tech stocks hit lowest valuations since ChatGPT launch, earnings climb 19%
The S&P Global tech sector's forward P/E ratio has collapsed from 32x to 21x in under a year, erasing AI-era premiums even as earnings estimates climb 19%. Analysts debate whether the selloff signals genuine overvaluation or market overcorrection, with implications for crypto and blockchain infrastructure demand.
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Bitcoin Could Outperform Gold as ETF Hedges Unwind: JPMorgan
JPMorgan analysts say Bitcoin has room to gain on gold if investors unwind defensive hedges in crypto ETFs. Bitcoin investors are currently hedging more aggressively than gold investors, with short interest in BlackRock's IBIT near 2026 highs while GLD shorts remain below average.
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Shein prices Hong Kong IPO at $26.5 billion valuation
Shein priced its Hong Kong IPO at HK$48.56 per share, valuing the fast-fashion retailer at approximately $26.5 billion and raising about $1.7 billion, though the valuation marks a sharp decline from its $100 billion peak in 2022.
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Zepto delays IPO after roadshow reveals $2.5B valuation, 64% below private round
Zepto postponed its IPO and will pursue a pre-IPO funding round at roughly $4.5 billion after roadshow bids came in significantly below its $7 billion private valuation. The Indian quick-commerce startup is shifting strategy to target domestic investors and has extended flexibility until November 2027 under existing SEBI approval.
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Anduril CEO warns defense tech sector faces valuation bubble risk
Anduril Industries CEO Brian Schimpf warned that defense tech firms are raising capital at unsustainable multiples, with some commanding 50 to 100 times forward revenue, threatening future public market exits and investor returns.