The Nasdaq 100 hit an all-time record relative to the Dow Jones Industrial Average on Friday. The ratio is now above 2000 Dot-com bubble levels when the Nasdaq 100 rallied by 1,050% in just 5 years.
Over the last 2 years, the technology stocks' outperformance has accelerated driven by the semiconductor sector.
During this period, the tech stocks index has gained 60% whereas Dow Jones has advanced by just 22%.
Meanwhile, the top 10 companies share in the S&P 500 index has reached a new record of 35% driven by the big tech. The technology sector is larger than ever.
