Jennifer Nason, global head of technology, media and telecom investment banking at JPMorgan Chase, said the titans of the industry are ready to start making deals again as soon as certain macroeconomic overhangs are removed.
"Boards are continuing to evaluate strategic moves that they can make because competition is still fierce and innovation is still happening at a rapid clip," said Nason, noting that factors like the upcoming election in the U.S. and a potential Fed rate hike may be keeping companies on the sidelines.
"I think there's a lot of work being done to be ready, and at some point we'll see sort of a tipping point and activity will pick up," she said.
This extended, in-depth interview came from the sidelines of JPMorgan's Technology, Media and Telecom Conference in Boston.
CNBC's Kayla Tausche and Nason also discuss:
- Dealmaking prowess of the tech four horsemen: Apple, Alphabet, Amazon and Facebook.
- State of the tech IPO market.
- What China's next big M&A move may be.
A clip of the interview aired on CNBC U.S. TV, but the full interview is only available here for Pro subscribers.