Fundamentals vie with ‘Fomo’ as US technology-boom driver

Fundamentals vie with ‘Fomo’ as US technology-boom driver

The Star Online - Business·2024-03-28 08:04

FUNDAMENTALS or “Fomo”?

Big Tech’s resilience, concentration and unassailable status as Wall Street’s driving force have understandably raised concerns of a bubble in the making as the “fear of missing out” (Fomo) buying frenzy fuels a dangerous, self-perpetuating price spiral.

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