The technology sector witnessed growth in the first quarter of 2024, driven by strong adoption of AI and machine learning amid persistent inflation that has pushed back chances of an early rate cut by the Federal Reserve. A challenging global macroeconomic environment due to continuing conflicts in the Middle East and between Russia and Ukraine negatively impacted the sector’s growth trajectory. Escalating Sino-U.S. tensions has been detrimental to the sector’s prospects. U.S. restrictions on high-tech expo ...