Therese Poletti's Tech Tales: The promise of a magical rebound for tech comes with little evidence to back it up

Chip companies began stirring fears that the tech boom of the past decade is coming to an end last earnings season, when they began forecasting a downturn that has turned into the first chip slowdown in three years. While offering another series of results that confirmed those fears in recent weeks, executives seemed to have the same script to sate scared investors, even though few gave solid reasons for believing that the second half would hold magic.

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