Shares of leading US technology companies have rebounded vigorously in recent weeks from their bruising falls in the first half as investors draw on hopes that the sector can weather a global recession.
Tech industry titans Apple, Microsoft, Alphabet, Amazon and Tesla have together added $1.3tn to their combined market value since the start of July, with those gains helping the Nasdaq Composite to rally 14.8 per cent since the start of July.
But as the Federal Reserve indicates that it will maintain its stance of aggressive monetary policy tightening to tackle scorching inflation, some tech analysts caution that the summer tech rally may be shortlived.
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