(Bloomberg) This earnings season has underlined that the big technology trade is here to stay, alleviating investor concerns that AI euphoria would falter after driving 2023’s market rally. Most Read from BloombergA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniNigeria Delivers Jumbo Rate Hike to Aid Its Battered NairaTreasuries Mixed Amid Another Flurry of Bond Sales: Markets WrapThe Magnificent Seven group of tech
The S&P 500’s torrid and top-heavy advance over the past year has convinced some bearish investors that U.S. stocks are in a bubble. But history says.