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Putting the hype to one side, a much better and safer option for investors now is in technology stocks. They are buoyed by increasing demand for next-generation technologies. The tech industry enjoys favorable investor sentiment, as evidenced by Technology Select Sector SPDR Fund ETF’s (XLK) 54.3% returns over the past year, compared to SPDR S&P 500 ETF Trust’s (SPY) 43.3% gains over this period. Surging demand for electronic devices, coupled with the need for good connectivity and performance, has further accelerated the technology industry’s growth. The global market for big data technology is expected to grow at a 14% CAGR of 14% over the next six years to reach $116.07 billion in 2027.
Intel Corporation (NASDAQ:INTC), HP Inc. ((NYSE:HPQ) and Fujitsu Limited (FJTSY) are much less volatile than to Dogecoin and hold solid upside potential. So, we think it could be wise to bet on these stocks now.
