Big Tech's blistering rally lifted the whole stock market in 2023. But that may be about to end - JPMorgan, Morgan Stanley, BofA warn
, each of which has jumped around 98%. Chipmaker AMD rallied 50%, while electric-vehicle maker Tesla rose 35%. Apple, Amazon and Alphabet advanced around 32% each.
Investors have been drawn to tech stocks by their strong run, the buzz over artificial-intelligence since the release of ChatGPT, as well as expectations that the Federal Reserve will soon end its interest-rate increases asBut with the economic outlook turning gloomy and the banking turmoil fueling fears of a credit crunch, analysts including those from big Wall Street banks such as Morgan Stanley, JPMorgan, Bank of America warn that tech stocks are in for a setback.
However, not everyone agrees. There are some, like Fundstrat's Tom Lee, who think the sector's rally still has room to extend. Below is a selection of the latest tech-stock outlooks from Wall Street analysts.
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