Renowned analyst at Wedbush: The bull market in US technology stocks is just getting started and will continue for another 2-3 years

Zhitong
2024.06.19 02:49
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Star analyst Dan Ives from Wedbush Securities believes that the ongoing bull market in US technology stocks is just beginning and may continue until 2027. So far this year, the S&P 500 Information Technology sector has surged by as much as 31%, with the corresponding Technology Select Sector SPDR Fund ETF also rising by 20%. Ives predicts that the tech bull market will last for two to three years, with future investors focusing on giant tech companies with market capitalizations ranging from $30 trillion to $40 trillion