US Tech 100 Pulls Back After Historic 29.7% Outperformance

US technology stocks have retreated from recent peaks following an unprecedented 50-day surge. The S&P 500 Information Technology sector outperformed the broader index by 29.7%, a six-sigma event described as statistically expected only once every four million years. XLK has fallen about 8% from its high while VOO is down roughly 3%. Despite AI-bubble concerns, large-cap tech names remain reasonably valued, with Nvidia trading at 16x forward earnings for fiscal 2028 after posting 85% revenue growth. Analysts advise tempered expectations and diversified S&P 500 exposure as stretched moves typically lead to consolidation.