Is This the Best Tech ETF to Buy With $1,000 Right Now?
The Vanguard Information Technology ETF is a top choice right now.
Overview
The tech sector and artificial intelligence (AI) stocks have helped lead the market higher over the past several years. That run continued into this year, but more recently, the sector has come under some pressure. Bears believe there is a potential AI bubble that could burst, given the high spending on AI infrastructure.
However, that spending as a percentage of gross domestic product is not out of line compared to past transformational cycles, and it still has room to grow. Bears will also point to the market for initial public offerings (IPOs), which is heating up with Space Exploration Technologies' debut and the likelihood that OpenAI and Anthropic will soon follow SpaceX. They hearken back to the internet bubble.
Details
But right now there are a few big companies in the IPO conversation, not a rush of smaller dot-com companies as we saw during the bubble, where their stock prices would often skyrocket out of the gate.
Source
Originally published at www.fool.com.