Quarter-End Insights

Technology: Valuations Painting Overly Rosy Scenarios

Brian Colello, CPA
  • Overall, we view the tech sector as overvalued at a market cap weighted price/fair value of 1.09.
  • We still see a tectonic shift toward enterprise cloud computing.
  • Semiconductor equipment appears overvalued as booming near-term orders won't last forever.

Brian Colello, CPA does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.