With low interest rates, a tailwind from accelerated digitisation on the back of COVID-19 and growth-starved investors willing to pay a premium, many tech stocks will continue to be supported in 2021, whether analysts think they deserve to be or not.
One of the most bearish tech analysts, Morningstar's Gareth James, believes the underlying performance of many of the big tech stocks has not warranted the price rises of recent years.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
