Oppenheimer: Tech dominance is built on fundamentals, not irrational exuberance

All right. You put out a report a few weeks ago. You said the signs of a bubble are rapidly increasing valuations, high concentration, and also vendor financing.We're seeing all three. But then you go on to say it's not quite a bubble, at least not yet. So, if we're seeing that already, why isn't it a bubble.>> Well, there's an extent I think that we tend to see those factors playing out. And for sure we've had a strong period of returns uh particularly driven by tech stocks in the US. But the first thing t ...