Tech stocks rallied 21.5% in H1 2024, led by AI advancements, but only 30% outperformed; Bernstein warns of valuation concerns.
Tech stocks have rallied 21.5% in H1 2024, driven by AI advancements, with Nvidia contributing significantly. However, only 30% of tech stocks have outperformed, indicating a concentrated rally. Bernstein warns of valuation concerns as tech stocks trade at a 49% premium to the market. Investors should carefully assess their tech stock positions, considering both opportunities and challenges.
July 13, 2024
3 Articles