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Analysts believe that a sideways market and earnings growth are creating opportunities for tech stocks not seen since the launch of ChatGPT.
The reset in tech stocks has made them more attractive relative to the broader market. This week, the stock market digested surging oil prices, discussions about a slowdown in the AI race, and the Federal Reserve's first interest rate hike in over three years. The S&P 500 has been trading sideways since hitting an all-time high in mid-August, but sector-level volatility has been intense.
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Source：MarketWatch · Source Link
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