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Surging investor optimism over the industry’s growth prospects is evident in the iShares U.S. Technology ETF’s (IYW) 7.5% returns over the past month versus the SPDR S&P 500 ETF Trust’s (SPY) 2% gains. In fact, the global tech industry is expected to grow at a 5% CAGR over the next three years.
Given this backdrop, we believe it would be wise to bet on established tech players Microsoft Corporation (NASDAQ:MSFT), Cisco Systems, Inc. (NASDAQ:CSCO), and Broadcom Inc. (AVGO) because they are continuously innovating and are positioned to continue growing.
