The stock valuations of U.S. technology firms have risen to their highest level since the dot-com bubble of the late 1990s, driven by investor interest in artificial intelligence (AI) technologies, wealth management firm Bernstein is warning.
The stock prices of tech companies rose by 38 percent in the first half of 2023, which is the best performance during the January–June period in more than two decades, analysts at Bernstein said in a recent client note.
