After peaking near 70 during the Dot.com bubble, the forward P/E for S&P 500 tech companies...
After peaking near 70 during the Dot.com bubble, the forward P/E for S&P 500 tech companies has fallen below 15, roughly in-line with the broader index. Aside from the bubble's bursting, slowing growth for giants such as MSFT and CSCO is also a factor. Nonetheless, the question of whether S&P tech companies will collectively fail to outgrow their non-tech peers, as current valuations imply, is certainly up for debate. (also)
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