Investors Weigh In: Will Tech Stocks Deliver Big Returns Over the Next 5 Years?
Tech stocks have delivered for investors in a big way in 2020. But it’s not justa one-year blip on the radar: The tech industry has deep roots in just about every other sector now. As a result, tech stocks have delivered market-crushing returns for many years now. For example, the Technology Select Sector SPDR ETF (NYSEMKT: XLK) and tech-heavy NASDAQ-100 index have returned almost 500% over the past decade, versus 272% for the S&P 500 index.
But with valuations stretched, can investors continue to expect tech to deliver? Host Jason Hall recently put that question to Motley Fool Contributors Danny Vena and Daniel Sparks on the Oct. 29 edition of “The Wrap” on Motley Fool Live. Watch the video below to see what they had to say about tech’s prospects in the years ahead.