Tech Rally Multiple Expansion
The tech rally has further room to run due to strong fundamentals and multiple expansion.
Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.
"The Nasdaq 100 extended a nine-day winning streak, its strongest rally since September 2025, reflecting continued strength in large-cap technology stocks."
"Strategists said, speculating that the 'AI train' could soon spread gains to areas like energy, machinery, equipment, and financials."
"A popular callout within that pitch has been an argument for the market rally to continue to broaden from the 'Magnificent Seven' tech stocks to the other 493 members of the S&P 500."
"The Australian sharemarket is tilting higher as trading opens this morning, following a strong rally in US tech stocks overnight."
""The rates rally and the upside data surprise supported the rally in equities, but it was tech optimism that was the largest driver," Reid added."
"the 2023 rally broadens out beyond biggest tech names."
"The tech rally that was in full view today still has room to run, according to Wedbush's Dan Ives."