both of those stocks hitting all-time highs today for more we're joined by bob peck, head of internetestment banking good to have you here. this seems to be an earnings cycle where the focus is on top line growth. people aren't so worried about cost, especially if it seems to be investment in future growth >> yeah. >> but for the likes of facebook and even apple, is success already priced in? these stocks are based on other companies' earnings last week. >> technology has been very strong year to date, the tech stocks are -- fangs, up 50%, and the valuations compared to growth aren't that egregious. you have google trading around 12 times, facebook around the high teens or so growth rates of 25%, 30% or so, so historically in that range. i think what's really key for technology, though, is you're seeing big plays on very emblematic scenes, so autonomous, internet of things, big data, cloud, very large themes or opportunities. these are the leaders, so i think that's why investors in the market are so optimistic about technology going forward here >> some of the chiefs of these compani