A tech valuation reset is ‘the big story’ for 2026 – BofA’s Subramanian

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Dec. 05, 2025 3:00 PM ETS&P 500 Index (SP500), , , , , , , , By: Monica L. Correa, SA News Editor

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Savita Subramanian, head of equity and quant strategy at BofA Securities, is warning of a potential valuation reset for mega-cap technology companies (VGT), (IYW), (XLK), (MAGS) despite projecting strong earnings growth.

In an interview with CNBC, Subramanian expressed concern that investors