“We see robust demand growth for tech products and services as a powerful ballast for the sector,” said BlackRock. “For example, semiconductor makers are well placed to benefit from broad demand as a wide swathe of industries incorporate chips into their products. Mega-cap tech companies geared toward enterprise spending are also benefiting from an uptick in demand.”
Semiconductor demand is also expected to be robust this year.
“Worldwide semiconductor revenue is forecast to total $401.4 billion in 2017, an increase of 16.8 percent from 2016,” according to Gartner, Inc. “This will be the first time semiconductor revenue has surpassed $400 billion. The market reached the $300 billion milestone seven years ago, in 2010, and surpassed $200 billion in 2000.”
For more information on the tech sector, visit our technology category.