This tech bull market has longer to go, says Truist's Keith Lerner

Market Sentiment - Current market conditions are being compared to late 1999, suggesting a potential bubble similar to the dot-com era [1][2] - The NASDAQ index doubled from October 1999 to March 2000, indicating a strong market rally prior to the bubble burst [2] Sector Analysis - The technology sector is currently trading at a valuation of approximately 30 times earnings, compared to around 50 times in late 1999 [4] - Year-over-year growth for the technology sector is at 28%, significantly lower than the over 100% growth seen in the late 90s [5] Investment Strategy - Investment firms are recommending a strategy of pairing high-beta tech stocks with cyclical stocks to hedge against potential downturns [6][7] - Small-cap stocks are being viewed as an attractive option due to their low valuations and improving earnings [9] Global Market Trends - There is a noted global participation in the market, with developed international markets and emerging markets showing positive trends [10][11] - AI is considered a dominant theme in the current bull market, with ongoing investments in infrastructure and semiconductors being crucial [11][13] Company Developments - Recent developments in AI, particularly involving companies like AMD and OpenAI, are seen as part of a broader cyclical investment trend in technology [12][14]