Meanwhile, the market analysts believe tech stocks have significant upside potential ahead because investors have been ignoring bolstering earnings performance from the big tech giants. Several high growth tech stocks fumbled at a high single-digit rate last week and that provides a buying opportunity for 2021, according to Wedbush. Investors have capitalized on the buying opportunity as the tech-heavy Nasdaq index soared almost 2.5% in Monday trading and added to gains on Tuesday. Alphabet is likely to benefit from increasing digital advertising and recovery in the economic situation. On the other hand, the largest e-commerce platform is expected to reach a hundred billion dollars quarterly revenue mark for the first time in history.
