US tech stocks: Is it time to book profits?

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Synopsis

The AI buzz and hopes of a rate hike pause by the US Fed are helping tech stocks post a strong rebound.

With shares of US tech giants buzzing again, tech-focused funds are scorching the performance charts. Mirae Asset NYSE FANG+ ETF has been a trailblazer among all equity funds, fetching 66% year-to-date return. Edelweiss US Tech Equity is next with 42% return. The funds based on the Nasdaq 100 index, dominated by tech companies, are also among the big pacesetters, along with other innovation-led funds. Is this rebound built on hype or are bigger

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