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T. Rowe Price

2023 Top 500 ranking: 16

Tech Stock Valuations Have Become Reasonable

Tech Stock Valuations Have Become Reasonable

Although tech stocks have sold off steeply year-to-date and their valuations seem reasonable versus recent peaks, they are still not cheap when compared to the broader market. Given our continued caution toward this heavily growth-oriented sector, our Asset Allocation Committee recently added to growth stocks but remains underweight relative to ...

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