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- The tech sector after last year's bear-market plunge is the best performing in the S&P 500 this year.
- Analysts tell Insider the broader sector is too expensive even with pullbacks, as the market faces more rate hikes.
- But for investors still eager to get exposure to the sector, look at software, analysts say.
Investors excited about AI in the unfolding ChatGPT era have helped cultivate blazing outperformance by tech stocks in the US stock market, but analysts say headwinds are stiffening for the pricey sector as the Federal Reserve signals interest rates are going even higher than anticipated.