in technology shares in recent months, investors are debating whether the sector is investable. It would be a mistake to avoid tech as a whole. These types of selloffs typically create excellent buying opportunities in individual stocks, and the current pullback is unlikely to be any different.
Sometimes, what we classify as a tech company is a traditional business that is using modern technology to enhance the way it serves its customers.
The increasingly wide definition of what constitutes a tech company is likely contributing to the steady rise of tech as a percentage of the overall market. Many businesses that are now classified as tech companies would have been classified as something else in a bygone era. It is worth noting that some of the companies that are commonly referred to as Big Tech are not actually included in the S&P 500 Information Technology Index.