Nigeria: Fintech Research - Everything You Need to Know About Tech Companies and Its Stocks
29 December 2020
By Sunday
The tech industry comprises companies that sell devices, software, hardware, artificial intelligence, and other information technology (IT) products. These companies have always been profitable in terms of stock value.
Fintech research shows that the sector encompasses firms like Apple Inc. (AAPL), Microsoft Corp. (MSFT) and Amazon.com Inc. with the highest market cap stocks in the globe (AMZN).
Tech equity markets, defined by the SPDR ETF (XLK) Technology Select Group, have outscored the larger market. As of December 16, 2020, XLK has linked with an annualized profit of 43.3 percent, almost double the total return of 20.6 percent for the Russell 1000 over the previous 12 months.