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Need to Know: One giant reason why tech bubble talk may simply be overblown

So much for dull Apple results.

The Cupertino, Calif. company cooled fevered brows over iPhone sales, to the relief of many investor faithful.

But to be sure, fear has been riding shotgun alongside the postelection rally, with specific worries aimed at the strength of big techs like Facebook FB, -1.08% , Amazon AMZN, -0.99% , Netflix NFLX, -1.33% and Alphabet’s Google GOOGL, -0.94% . They’re too dominant, too expensive — Netflix’s forward price/earnings ratio stands at 155.4 times — and look bubbly, complain some.

But our call of the day, from Jefferies‘s Sean Darby, takes another swat at that bubble talk.

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