Technology stocks are riding high on strong upward momentum worldwide. A case in point: The Nasdaq Composite index gained 43.6% in 2020, far outperforming both the Dow Jones Industrial Average and Standard & Poor’s 500 index, which were up 7.2% and 16.3% respectively. Tech stocks have continued to rack up gains in the first few weeks of 2021, again outpacing the broader market.

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