Big Tech's record rally is being boosted by coronavirus — and growth rates are just getting started, BofA investment banker says

 

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• Rick Sherlund, Bank of America Merrill Lynch vice chairman of technology investment banking, said COVID-19 has accelerated a digital revolution and has boosted big tech.
• He added that software is up 29% in the S&P 500 and is "not only eating the world" but "leading the market."
• Sherlund said he does not think big tech's record rally should be compared to the dot-com bubble of the late 1990s.

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