Daily Poll: Are tech stocks overvalued?

In recent years, tech stocks usually performed better than the other sectors in the market.
The explosive growth delivered by tech-focused companies has helped fuel the S&P's meteoric rise over the past decade.
Yet some investors worry big tech stocks may have a tougher time delivering big gains this year in the face of stretched valuations, expectations of higher Treasury yields, and a more hawkish Federal Reserve.

Surging bond yields have triggered hedge funds to sell growth-focused technology shares at speed not seen in the past decade.
Tech stocks are seen as sensitive to rising yields because increased debt costs can hinder their growth and can make their future cash flows appear less valuable.

So we saw the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ sold off more than 3% last week, underperforming the $S&P 500 Index (.SPX.US)$ , which dipped 1% during the same period.

Source:
Hedge funds are selling tech shares at their fastest pace in a decade as rates spike
Nasdaq is poised to underperform S&P 500 for first time since 2016 as investors shun tech stocks