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Investor Paul Meeks sees record upside in technology stocks.
Meeks, who’s known for running the world’s largest tech fund during the dot-com bubble, reveals he’s just as passionate now — and he’s making a big bet on semiconductors.
“We’re now seeing tech as not only the obvious upside winner, but believe it or not despite what had been perceived as volatility, a place that is a relatively safe haven even on market down days,” the portfolio manager at Independent Solutions Wealth Management told CNBC’s “Trading Nation” on Thursday. “That’s new, and I think that’s pretty interesting.”
It’s a significant shift
Pedestrians stand in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, March 13, 2020.
Mark Kauzlarich | Bloomberg | Getty Images
U.S. stock futures opened higher on Thursday after took a breather from its strong run-up to start the month.
Dow Jones Industrial Average futures traded 35 points higher, or 0.1%. S&P 500 and Nasdaq-100 futures advanced 0.1% and 0.2%, respectively.
The S&P 500 and Nasdaq Composite each snapped a four-day winning streak during the cash session while the Dow eked out a minuscule gain. The Nasdaq-100 index briefly touched a record high before
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