2024-05-14 06:47:00 ET
The tech market has a long history of providing investors with significant and consistent gains. In fact, over the past decade the Nasdaq-100 Technology Sector has climbed 416%, significantly outperforming the S&P 500 (which rose 178%).
Tech companies tend to benefit from the innovative nature of the industry, with never-ending demand for upgrades to software and hardware. As a result, it's no surprise that all five of the world's most valuable companies are tech firms, including Microsoft , Apple , Nvidia , Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) , and Amazon .
These companies have made many millionaires over the years, and will likely continue to make more. Consequently, it could be worth dedicating a portion of your holdings to the high-growth sector and potentially benefit from tech's development for years.
For further details see:
2 Top Tech Stocks That Could Make You a Millionaire