Diversify Your Portfolio With These 3 Promising Tech ETFs

[ETF Daily News]( November 2nd, 2023 SPONSORED AD ["If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..."]( The former Goldman Sachs VP - who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio - is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio." [Get the full story, and ticker symbol, here.]( [Diversify Your Portfolio With These 3 Promising Tech ETFs]( Growing investments in digital transformation, the shift to cloud-based services, and the adoption of new-age technologies are all boosting the tech industry’s growth prospects. While this could be the right time to invest in the space, the high-interest rate environment could have varied impacts on different tech businesses, making it risky to invest in specific stocks. Therefore, a relatively safer approach to capitalize on the industry’s growth prospects could be to have exposure to buckets of tech stocks by investing in promising tech ETFs. To that end, Vanguard Communication Services Index Fund ([VOX]( – [Get Rating]( Technology Select Sector SPDR Fund ([XLK]( – [Get Rating]( and Vanguard Information Technology Index Fund ([VGT]( – [Get Rating]( could be wise portfolio additions now. Before diving deeper into these ETFs, let’s discuss what’s happening in the tech space. Tech has become pivotal, almost nondiscretionary, in the success of any organization. Tech companies are facilitating the digital transformation journeys of various enterprises. Enterprises are swiftly transitioning from traditional software applications to cloud-based software services. Cloud technology aims to provide rapid, scalable access to computing resources and IT services. Moreover, adopting emerging technologies like generative AI will likey boost the tech industry’s growth. Software companies with subscription-based business models are expected to benefit from integrating generative AI into their applications. Goldman Sachs estimates that the total addressable market (TAM) of the generative AI software is approximately [$150 billion](. Additionally, the move to 5G wireless networks is underway. The increased bandwidth offered by 5G could enable several industries to shift to autonomous systems. Gartner expects worldwide IT spending to grow… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019