US technology stocks rose too fast, causing investors to panic.
According to the Wisdom Financial APP, the rapid rise of technology stocks in recent times has raised concerns among some investors about the possibility of their momentum weakening. The Nasdaq 100 index has maintained its upward trend in September, with the exception of a single day, following five consecutive months of gains. Investors are betting that the AI craze and expectations of a Fed rate cut will support the upward trend of technology stocks. The index's expected volatility index has not shown significant fluctuations for several months, while infrastructure software giant Oracle (ORCL.US) saw its stock price soar by nearly 36% on Wednesday, hitting a record high and marking the largest single-day increase since 1992.
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