However, some worry these lopsided tech gains could be a problem for the market, especially if the group struggles going forward.
Peter Berezin, chief global strategist at BCA Research, highlighted in a note five risks to Big Tech moving forward, including “the dismantling of pandemic lockdown measures” as it could “shift some spending from the online realm back to brick-and-mortar stores.” He also said tech valuations are now “quite stretched."
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
