Why Apple Stock and the Rest of Big Tech Can Keep Gaining
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Apple and the rest of Big Tech have helped push the Nasdaq-100 into a new bull market, prompting concern that the rally is overdone. But there is a case to be made for further gains.
Apple (AAPL) stock is up about 30% from a low point hit in early January. That has helped the Nasdaq-100 Index, which tracks about 100 of the nonfinancial companies with the biggest market capitalizations on the tech-heavy Nasdaq exchange, to gain about 23% from its December low point.
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