NEW YORK CITY — Looming interest rate cuts in the United States are presenting investors with a tough choice: stick with the big tech stocks that have driven returns for more than a year or turn to less-loved areas of the market that could benefit from easing monetary policy.
Owning massive tech and growth companies such as Nvidia, Microsoft and Amazon has been a hugely profitable strategy for investors since early 2023, even as the stocks' market dominance has drawn comparisons to the dot-com bubble of the late 1990s.
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