It has been another brutal month for investors in Australian technology stocks; about $7 billion was erased from the sector in March as the Middle East conflict and the threat of higher interest rates compounded fears of disruption from artificial intelligence.
A second interest rate rise in as many months from the Reserve Bank of Australia mid-March also did not help market sentiment, nor did surging inflation expectations as the conflict pushed up the oil price more than 50 per cent in just four weeks.
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