Ed Yardney said that the upward trend in technology stocks is far from over, and the Nasdaq 100 index has accumulated a cumulative increase of 9.3% over the four trading days. The sector currently expects a 12-month price-earnings ratio of 22.3 times. Adney said that for a high-growth track, this valuation level is relatively low. Wall Street strategists are optimistic about the rebound in technology stocks. Some analysts pointed out that the current valuation of individual stocks such as Micron Technology and Alphabet is lower than their five-year average.

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