JPMorgan traders are skeptical about speculative tech stocks

```htmlGolden Ten Data June 1st｜Currently, many Wall Street professionals are warning investors holding speculative tech stocks: sell now while you can. Goldman Sachs' basket of unprofitable tech stocks rose by 27% in May, outperforming the Nasdaq 100 Index by 17 percentage points, marking the best performance for this portfolio since November 2020. So far this year, the portfolio has climbed 57%, whereas the S&P 500 Index has risen by 11%. JPMorgan's market intelligence team led by Andrew Tyler pointed out that after such rapid gains, and given that potential yields may still remain high, investors should "remain cautious about the riskier individual stocks among tech shares." Tyler advocates shifting towards more well-known companies within the sector, especially as bond yields rise, since this could have the greatest impact on smaller, loss-making firms. He added that share buyback activity by larger, profitable tech companies "helps drive the shift towards high-quality enterprises."```