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Tech companies set to net US$320b
As a group, computer and biotechnology stocks have seen their market value jump by US$3.3t since March 2009, more than any other industry
Add BT as a preferred sourcePublished Tue, Apr 21, 2015 · 09:50 PM
New York
FEW have benefited more from the bull market that started in 2009 than technology companies, and none are being counted on more by investors to deliver the earnings needed to keep it going.
As a group, the computer and biotechnology stocks that make up the Nasdaq 100 Index have seen their market value jump by US$3.3 trillion since March 2009, more than any other industry. Now they're on the hook to generate US$320 billion in profits this year, more than technology companies ever made at the height of the Internet craze.
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