Page 4 - Tech Rally News Today

The Dow notched its 11th straight winning session on Monday, marking its longest winning streak since 2017.

Experts have struggled to find textbook explanations for the surprising economic buoyancy and stock-market rally of 2023. Some have instead turned to buzzwords such as FOMO and YOLO.

The near-1,000% rise in Microsoft stock since Satya Nadella took over in 2014 helped him join an elite club of CEOs taking home more than a billion.

Citi boosted its price target for Nvidia to $520 a share in what markets guru Larry McDonald mocked as poor sell-side research.

SEC chair Gary Gensler took a watchful approach to AI, pointing out that the technology could threaten the health of financial markets.

Global VC spending in the second quarter sank 49% annually, as macroeconomic trends and an inactive IPO market kept investors away.

While Apple's stock returned 45% year-to-date, cruise line operator Royal Caribbean strongly outperformed the tech giant, offering returns of 109%.

Stocks have more downside on the way, as the economy has yet to tip into recession or see any interest rate cuts from the Fed, Wells Fargo said.

Grantham originally estimated an 85% chance the market was in another bubble on the verge of bursting.

Investors are looking for the next "juicy" trade in the AI-led tech rally, according to Vanda Research.