Tech Giants Soar Over 100% as Strong Economy and AI Promise Boost Confidence
• Tech stocks tied to AI like Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla rose over 100% last year, far outpacing the S&P 500
• These companies have money to expand without borrowing at high interest rates
• JPMorgan's Jamie Dimon warns of risks like Ukraine, Middle East conflicts, quantitative tightening
• Recent strong economic data like retail sales and low unemployment boost market confidence
• Consumers and investors feel more confident in the direction of the U.S. economy