Megacap Tech Stocks Roar Back Into Vogue as Haven From Slowdown
- Faamg market caps have gained more than $1 trillion since June
- Run of outperformance shows shift away from ‘reflation trade’
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Investors are getting excited about Big Tech again.
With resurgent doubts about the strength of the post-pandemic boom, traders are shifting back into the tech behemoths whose dominance of high-growth industries leaves them poised to keep sales and profits rising even if the economy slows.