From the article:

• "Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. So far in 2024, that number sits at $465 billion."

M&A is integral to the tech valuations being what they are. This change explains part of why there was a silent crash in 2022 among the Mag7 companies, and why concerns existed a few weeks ago about the health of the tech sector.

The article goes on further to talk about how the difference between the Presidential candidates on this subject seems to show few differences.

They don't mention it specifically, but Harris' lack of comprehension of major economic issues and technologies is a concern as to how she might attempt to regulate things in a confused way whereas Trump's $DJT could pose a conflict of interest given his stake in it and whatever growth plans that company may have with technologies.