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- FAANG stocks have room to advance further, likely rising as much as 50% this year, according to Fundstrat's Tom Lee.
- "You can't really say that you're going to have diminished demand for these products," he told CNBC.
- Big Tech stocks such as Meta and Alphabet have enjoyed a scorching rally in 2023 following last year's selloff.
US mega-cap tech stocks have enjoyed a stellar rally so far in 2023, and there may be no stopping them.
According to Fundstrat's Tom Lee, the so-called FAANG group of Big Tech shares could surge as much as 50% this year.