Tech Megacap Stocks Surge, But Is It Time to Cash Out?

As the US stock market continues to climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay on for the ride. A record $8.5 billion flowed into tech stocks in the latest week, data from BofA Global Research showed, as investors piled into a rally that has seen the tech-heavy Nasdaq 100 gain 33% in 2023. Yet others see reasons for caution, citing factors such as rising valuations and signs that the rest of the market is languishing while a small cluster of stocks soars.