Veteran strategist Yardeni believes tech stocks are attractive after the pullback
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Due to uncertainty surrounding the impact of artificial intelligence on the software sector, as well as effects from the Iran war, the share prices of the information technology sector have declined by 13% since reaching a record closing high in October. During this period, profit forecasts for the sector have been revised upward at an accelerated pace, pushing its price-to-earnings ratio to 20.6 times, which is close to the S&P 500 Index's 19.6 times. Expand
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