3 Tech ETFs on the Rise to Buy

[ETF Daily News]( November 28th, 2023 SPONSORED AD [Rare Chance to Be an Early Investor in AI Energy Breakthrough]( Technology expert Ian King has found a way to invest in the technology powering AI energy. A breakthrough that presents a once-in-a-lifetime opportunity for fast-acting investors. [Just go here for full details.]( [3 Tech ETFs on the Rise to Buy]( Driven by robust spending among businesses and individuals to keep up with digital transformation and several technological innovations, the tech industry seems well-poised for exponential growth and expansion in the long term. Given the industry’s solid footing, let’s look at the best-performing tech ETFs ARK Innovation ETF ([ARKK]( – [Get Rating]( Global X Data Center REITs & Digital Infrastructure ETF ([VPN]( – [Get Rating]( and Global X Social Media ETF ([SOCL]( – [Get Rating]( with a high potential for returns and instant diversification. The growing adoption of cutting-edge technologies, including AI, big data analytics, cloud, IoT, machine learning, AR&VR, blockchain, cyber security, and more, has sparked innovation and transformation in the business environment worldwide. Digital transformation assists businesses in saving costs by reducing manual labor, streamlining processes, and boosting productivity. The global digital transformation market is expected to [grow at a CAGR of 26.7%]( to reach $4.62 trillion by 2030. Meanwhile, the U.S. digital transformation market is projected to expand at a CAGR of 23.1% from 2023-2030. The annual McKinsey Global Survey on the current state of AI confirmed the [exponential growth of generative AI (gen AI) tools](. One-third of the respondents stated that their organizations use gen AI daily in at least one business function. Moreover, Gen AI has captured significant interest across the business landscape: individuals across regions, industries, and seniority levels using it for work and outside work. Nearly 79% of respondents said they had at least some exposure to gen AO, either for work or outside of work, while 22% hinted at regularly using it at work. There is also an atmospheric rise in cloud computing. Cost, storage requirements, internal policies, and better control primarily drive demand for the cloud. The impact of enterprise IT spending cuts on cloud services is further slowly easing. During the third quarter of 2023, global spending on cloud infrastructure services totaled $73.50 billion, [an increase of 16% year-over-year](. Amid rapid digitalization across several industries, tech spending is expected to remain robust in the foreseeable future. According to… 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