Yardeni: U.S. tech stocks are currently in a "discount phase," presenting buying opportunities.

Ed Yardeni stated that the upward momentum of tech stocks is far from over, with the Nasdaq 100 index rising 9.3% over four trading days. The sector currently has an expected 12-month price-to-earnings ratio of 22.3 times, and Yardeni noted that this valuation level is relatively inexpensive for a high-growth sector. Wall Street strategists are optimistic about the rebound in tech stocks, with some analysts pointing out that individual stocks like Micron Technology and Alphabet are currently valued below their five-year averages.