The 2020 tech stock boom is nothing like the dot-com bubble of 2000, and the sector is set to keep on rising, JPMorgan says
Technology stocks have seen unprecedented gains in recent months, leading some to speculate that a bubble like that seen in the late 1990s might be inflating.
It noted tech price-to-earnings ratios are not stretched, a sign that the sector's fundamentals remain strong.Visit Business Insider's homepage for more storiesTechnology stocks have seen unprecedented gains in recent months, leading some to speculate that a bubble like that seen in the late 1990s might be inflating.
"There is widespread concern that the impressive performance of the sector ... on top of 20% relative run last "In contrast to the dot-com bubble, the current rally has been supported by strong earnings delivery," the team wrote.The price-to-earnings ratio shows a company's stock earnings per share to the current market price. A higher P/E ratio signals greater buyer interest and an expectation that the company's stock will grow further. President Trump will officially be nominated for a 2nd term this week.
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