US Top News and Analysis | Tech stocks upgraded by Trivariate Research: 'Outperformance increasingly likely'
AI generated summary, Read the full article for complete information.
Trivariate Research upgraded the technology sector to “outperform” from “market perform,” arguing that the group’s strong earnings momentum makes a market‑leading rally likely. Founder Adam Parker pointed to an expected 43.1% forward earnings growth for the sector in 2026—driven largely by Micron and Nvidia, which together account for nearly half of the S&P 500’s year‑over‑year growth in the first quarter—and said this earnings power should push price‑to‑earnings multiples higher, a level not seen since 2018. While he remains bearish on software stocks because of obsolescence risk, Parker expects continued robust growth from Nvidia and believes the sector’s earnings strength makes tech outperformance increasingly probable.
Read more: https://www.cnbc.com/2026/04/20/tech-stocks-upgraded-by-trivariate-research-outperformance-increasingly-likely.html
#TrivariateResearch #AdamParker #S&P500 #Nvidia #Technologysector
AI generated summary, Read the full article for complete information.