“Expect tech stocks to be up another 15% for the year [2024] — propelled not by multiples but by accelerating growth and earnings, as cloud deployments and enterprise AI spending surpass Street expectations.”

Read as a further 15% gain from mid-July, it missed: the Nasdaq Composite rose only about 4-5% from July 15 to December 31, 2024. Read as a full-year call, tech comfortably beat it, with the Nasdaq up roughly 29% in 2024.