Technology growth: Traders work on the floor of the New York Stock Exchange. Excitement over advances in AI is a key factor fuelling gains in megacap stocks. — AFP
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$8.5bil (RM39bil) flowed into tech stocks in the latest week, data from Bank of America (BofA) Global Research showed, as investors piled into a rally that has seen the tech-heavy Nasdaq 100 gain 33% in 2023.
