William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints withGannett Co. Inc., and The Baltimore Sun.
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As I predicted in my 2017 outlook a few weeks ago, tech is off to a screaming start to the year. The tech-centric Nasdaq is up close to 3.2% versus the S&P 500’s 1.45%.
Here’s the key: As the years go by, Silicon Valley will be providing more and more of the technology that’s becoming critical to our society’s existence, like broadband and mobile communications, wearable tech, sensors, virtual and augmented reality, and medtech.
But here’s the thing. Virtually none of that can exist without the fundamental component I’m going to tell you about right now. It’s absolutely indispensable to innovation, miniaturization, mobilization, and utilization.
This little part enables the global spread and adoption of technology – and you bet it enables massive tech profits, too.
So the play I have in mind has lots of upside wired in…
Tags: Technology Article
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