Resilient tech ETFs outperform XLK ETF in past month amidst uncertain tech sector outlook.
From Nasdaq: 2025-04-24 09:03:00
- The tech sector is facing uncertainty due to trade tensions, Chinese AI competition, and demand volatility. SK Hynix warns of demand fluctuations despite a 158% profit jump. Meanwhile, companies like DeepSeek and Alibaba are making strides in AI development, impacting tech markets globally.
- The Technology Select Sector SPDR Fund has declined by 14.6% this year, reflecting concerns about AI dominance. Q1 earnings reports show a 6.1% increase in total earnings, with 74.5% of companies surpassing EPS estimates, but Q2 projections have been revised downward.
- Resilient tech ETFs like BCDF, IVEG, BNGE, IHAK, and KNCT have outperformed the XLK ETF in the past month. These funds focus on blockchain, food innovation, streaming, cybersecurity, and connectivity technologies, offering potential growth opportunities in a challenging tech landscape.
Read more at Nasdaq: 5 Resilient Tech ETFs Over the Past Month Amid Worsening Outlook