The tech giants drove the biggest gains in the S&P 500 last year.
The outflows come as Apple shares entered a technical correction this month.
Big tech firms will contribute a “substantial portion” of future buybacks, the firm's analysts said.
The valuations of the biggest tech stocks are justified, the firm says in a new report.
The chipmaker has surged while being the third-largest U.S. short.
Technology companies have led U.S. stocks to a record high this year.
U.S. stocks have rallied this year on optimism around a stronger-than-expected economy.
These bulls can claim a measure of vindication after failing to predict last year's rout.
A survey suggests the index will hit a high, though weaker consumption means less of a surge.
A rally in US stocks has just about stalled this month after one of the best November gains in a century.