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Why Tech Stocks Rising at Fastest Pace in 7 Years May Flame Out

Why Tech Stocks Rising at Fastest Pace in 7 Years May Flame Out

Technology stocks are soaring at their fastest pace in more than 7 years, with Microsoft Corp. (MSFT), Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Facebook Inc. (FB) and Alphabet Inc. (GOOGL) collectively adding about $330 billion in market value over the past five trading sessions, according to the Wall Street Journal. In fact, tech stocks have drastically underperformed the broader market in the year following the start of a new rate-cutting cycle, according to Goldman Sachs. Goldman’s report also outlined consensus estimates that cast doubt on optimism about strengthening tech fundamentals, at least in the short term.