Tech sector expected to grow steadily through November, no bubble fears amid AI-driven gains.

The technology sector, represented by the State Street Technology Select Sector SPDR ETF (XLK), is forecasted to advance at a normal pace through November, with an estimated 18% upside reaching its long-term trendline. Recent sentiment data show bearish expectations peaked in March, supporting the current rally but dismissing any bubble scenario. The growth is driven by a genuine corporate revolution fueled by artificial intelligence, and the sector's rally currently lags behind the broader S&P 500. Analyst Michael James McDonald emphasizes that investor sentiment metrics indicate a balanced outlook rather than overheated enthusiasm, suggesting sustainable gains ahead.