Big Tech shares have skyrocketed this year, despite concerns over the possibility of increased regulation in the United States and around the world, as well as trade tensions between the United States and China. Until now, growth in sales and profits has remained relatively strong.
But the infatuation of investors for technology – to the exclusion of many other securities – worries Daryl Deke, principal founder and CEO of New Market Wealth Management.
Deke said that there was a "huge gap" between Big Tech's performance and that of other sectors. This is not healthy – and it could burn investors who are too interested in technology.
"Investors have been rewarded for their concentration and we have been taught that diversification is a bad thing – it's not good for the long term," Deke told CNN Business.
But for the moment, it still seems that technology stocks are the most popular business on Wall Street.