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Any money you park in this ETF will be spread across about 50 companies heavily involved in cloud computing. One estimate is that the cloud computing market will grow by an annual average of 16.4% over the next few years.
Advisors and investors don't lack options when it comes to thematic investing strategies. The thematic index ETF suite from Fidelity can offer exposure to many of the long-term disruptors looking ahead and may be worth consideration.
Just because the market has risen a lot in the last year or two doesn't mean it's too late for you to invest. The market could keep growing for another year or several years.
Meta Platforms' lower revenue outlook negatively impacted its stock as well as the overall technology industry. However, the tech sector is expected to have a strong future in the long term, with potential support from anticipated Federal Reserve interest rate reductions starting in late 2024.
AI investing was one of the biggest investing ideas in 2023. It looks set to potentially retain that momentum in 2024.
The could business is becoming very crucial with the emergence of generative artificial intelligence (AI), because more companies have been resorting to the public cloud to run hefty workloads. Initially focused on storage and compute resource pooling, cloud computing has evolved to offer advanced services like serverless architectures, edge computing, and integrated AI/ML platforms.
Growth stock ServiceNow is near a buy point ahead of earnings. The software as a service play has a strong record of accelerating earnings.
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