Tech stocks rally amid geopolitical risks but face correction risk from supply chain and oil disruptions.

Tech markets are currently rallying despite ongoing geopolitical tensions, driven by strong retail investor momentum. However, risks from potential supply chain issues and disruptions in global oil supply, particularly due to U.S.-Iran conflicts, could trigger a sharp market correction. Oil inventories are near eight-year lows, and any oil shock may cause a rapid reversal in tech stocks, which are currently priced for perfection. Investors are watching the upcoming Trump-Xi summit for potential positive developments on U.S.-Iran relations and AI advancements.