The Nasdaq Composite rose 2.1 percent last week to close at a record high.
However, some analysts are becoming concerned that the US tech sector has advanced too far.
Chad Morganlander, a portfolio manager at Washington Crossing Advisors, told CNBC on Friday that some of the tech stocks are “starting to get into nosebleed territory”.
Kate Mitchell, co-founder and partner at Scale Venture Partners, said some of the tech companies “are getting pricey”.
However, other analysts remain sanguine.
Ned Riley, the CEO of Riley Asset Management, who is known for warning investors during the dot-com boom, told CNBC that despite the latest tech rally, valuation “isn't so ridiculous”.
With little to fear from the tech sector, other analysts expect the stock market to continue rising.
Kourtney Gibson, president and head of global equity and fixed income at Loop Capital, said: “We will continue to see a slow melt-up.”
Meg Green, CEO of Meg Green & Associates, said now is the time to be “all in, with a little cash on the side”.
Louis Navellier, founder and chairman of Navellier & Associates, said: “There's still a lot of very good buying pressure.”
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