The technology sector has been one of the largest growth sectors in the market for the last 20 years. No aggressive or moderate portfolio should lack an allocation to it. The sector is comprised of several sub-sectors, including semiconductors, communications equipment, computer hardware and technology-related office equipment, as well as providers of consulting and IT services.
It is a fast-changing, ever-evolving sector, and technology companies face increasing pressure to improve time to market and ensure their offerings are best in class. Some of the largest US companies are technology stocks.
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