Tim Stenovec

Denise, in your view, is this a turning point?

Is this a buying opportunity when it comes to tech?

I think what people might be concerned about right now, Denise, is that this sell-off looks a little bit different if you peel back the layers of quote-unquote tech.

Because there's this worry about AI and the idea that AI will lead to the demise of some in the software industry, the so-called SaaSpocalypse.

Where are you seeing deals?

Because just because we're seeing something as relatively cheap doesn't necessarily mean there's opportunity around the corner.

I understand the urge to use history as a guide here, but I do wonder for those people who are out there who say, wait a second, we are on the verge of a new industrial revolution.

We are seeing something with AI that we've never seen before in modern investing and in the modern economy.

Do you have to throw the history textbook out the window or the markets history textbook out the window in an environment like this?

I'm taking a look at WTI crude.

It's up to $102 a barrel.

Brent is at about $112 a barrel.

To what extent are high energy prices a drag on the tech industry?

Okay, some really good historical context.

Denise Chisholm of Fidelity Investments.

Thanks so much for joining us on Bloomberg Tech.

Well, coming up, NASA is preparing to send astronauts back to lunar orbit for the first time since the 1970s.

It's a critical milestone for broader U.S.

space ambitions.

We'll discuss that next.