Consensus states that Europe has lagged behind the US and China in tech innovation due to a variety of reasons. Europe has been considered terrible at nurturing successful tech companies with only a few reaching significant scale (>€1bn value) compared to the US. While the debate has focused on private markets, much of the same negative sentiment / consensus is echoed in the European public markets with the tech sector to be “small” and overshadowed by the old economy.
Thanks for this Chirag, very good concise overview, appreciate it