“Valuations of the technology sector are becoming stretched but not yet at levels consistent with historical bubbles,” Oppenheimer and his team wrote in a note.
It’s too early to be worried about a bubble in high-flying US technology stocks.
That’s the view of Goldman Sachs Group Inc strategist Peter Oppenheimer, who said the record-breaking rally in tech heavyweights has been accompanied by robust earnings growth. In past bubbles, the market was driven higher mainly by speculation.
