Hatfield, CEO of hedge fund InfraCap, believes excitement over AI will keep boosting megacap stocks.
NEW YORK: As the US stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay on for the ride.
A record US$8.5 billion flowed into tech stocks in the latest week, data from BofA Global Research showed, as investors piled into a rally that has seen the tech-heavy Nasdaq 100 gain 33% in 2023. The benchmark S&P 500 has risen 11.5% this year and stands at a 10-month high.
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