Tech stocks to continue powering ahead despite stretched valuations

The global lockdown has decimated some businesses with those in leisure, travel or retail seeing revenues collapse to zero.

Against this backdrop technology companies have been the winners, gaining online sales at the expense of the high street and connecting people in isolation through their software. Many of the trends towards remote working, streaming and digitalisation of recent years have accelerated through the lockdown, driving sales upwards for technology companies. Managers dismiss sell-side concerns as US equities near tech bubble highs   The biggest tech names have colloquially been known as FANG (Facebook, Amazon, Netflix and Google), but we probably should add into the mix Apple and the ...