The months-long Silicon Valley bull run has lifted local technology stocks and made it more difficult to find good long-term prospects, with investors and brokers split on the outlook for some of the ASX’s hottest companies including family location tracking app developer Life360.
But fund managers say there are plenty of tech companies promising long-term growth, even as they expect more volatility as the sector continues to soar. The ASX200 has climbed by about 21 per cent since April, while the S&P/ASX All Technology Index has rocketed nearly 40 per cent.
Loading…