Technology stocks are on track for a yearly inflow of $216 billion, according to new data from Bank of America Global Research, dwarfing total annual inflows for each year dating back to 2015. The Nasdaq Composite's forward price-to-earnings ratio stands at about 26 times, compared to 20.4 times for the S&P 500, per Yahoo Finance AlphaSpace analysis. JPMorgan strategist Dubravko Lakos-Bujas wrote in a note on Monday that AI monetization is increasingly visible through backlog and cloud revenues, helping validate rising AI capex and ease return on invested capital concerns. Lakos-Bujas also raised his S&P 500 price target to 8,000 from 7,800, citing confidence in tech as a key reason.
Amazon.com Inc
Alphabet Inc Class CJPMorgan Chase & CoJPMorgan strategist raised S&P 500 price target, citing tech confidence.
Bank of America Corp
Meta Platforms Inc.