How low can tech go? That's the question on everyone's minds as the once high-flying stocks of tech companies and the darlings of the pandemic continue to plummet in 2022.

What we've seen right now in some of the growthier pockets of tech is certainly

akin to what we saw back in 2000 in that Nasdaq composite

correction that we saw. I'm Allison Nathan and this is exchanges at Goldman Sachs.

Is the extraordinary boom in tech stocks nearing an end?

The broad tech sell-off has wiped out trillions of dollars in market value since the start of the year.

To help us understand the drivers and the road ahead,

I'm sitting down with Brooke Dane portfolio manager in Goldman Sachs

asset management and Peter Callahan a US technology media and telecommunications sector

specialist in our global markets division. Brooke Peter, welcome to the program.

Thanks for having us.

Thanks for having us.

Peter, I want to start with you.

We've obviously seen tremendous volatility in the equity market broadly,

but certainly within the tech sector.

It's been such a bright spot in the economy and in markets for so long,

but it's obviously going through one of its worst stretches in years.

So give us some context.

How bad is the current route relative to pass downturns?

Yeah, it's a great question, Allison.

It's something we wrestle with institutional clients every day here at Goldman and just to give you a couple of data points and sound bites for what we're looking at right now if you looked just at the tech index broadly speaking for the NASDAQ for example we're down about

30% off the highs so that type of drawdown matches what we saw in March of

...