FOMO Drives US Tech Stocks to ‘Stretched’ Levels, ECB Notes
US tech stocks have been on a wild run in 2025, rising faster than many experts expected. Investors are pouring money into big tech because they do not want to miss the next big rally. This fear of missing out, or FOMO, is now one of the strongest forces in the market. Even the European Central Bank (ECB) highlighted this trend in its latest financial stability review released in November 2025. The ECB warned that US tech valuations look “stretched” and may not fully match real company performance.
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