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BofA Strategist Hartnett Predicts Continued Growth for Major Tech Stocks

According to strategists at Bank of America Corp., the impressive performance of the largest US technology stocks, often referred to as the «Magnificent Seven,» is expected to persist. In the past two years, these tech giants have shown remarkable resilience and growth, and analysts believe there is still room for further gains.

Michael Hartnett, a prominent strategist at BofA, emphasized that investors should strategically position themselves to capitalize on the ongoing upward trend in these stocks. The current market dynamics indicate that these leading tech companies are not only maintaining their momentum but are also poised for additional advancements in the near future.

As the tech sector continues to innovate and adapt to changing market conditions, savvy investors are encouraged to take advantage of potential opportunities within this space. With the right strategies in place, stakeholders can benefit from the anticipated growth trajectory of these influential companies.

In summary, Bank of America analysts affirm that the run in major US tech stocks has not reached its peak. Investors should remain optimistic and consider adjusting their portfolios to harness the potential for further appreciation in the coming months.

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Source: Original