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The COVID-19 pandemic has led to a change in lifestyles and working practices. These changes, plus the advent of 5G, are accelerating tech spending, particularly for bandwidth, data transfer speeds, for security and for many internet related services. Investors have been quick to invest in this new wave. Has the investment pendulum swung too far and will investors be short-changed as nature moves it towards vertical? The ending of lockdowns presages a multi-year growth cycle. For investors, this creates areas of significant value that, until now, have been left behind.