Given the high historical returns of the technology sector, many investors are naturally inclined to invest in the technology sector. The tech-heavy Nasdaq-100, commonly invested through ETF QQQ, outperformed the S&P 500 between December 31, 2007 and March 31, 2021. Nasdaq-100’s cumulative total returns were approximately 2.5 times that of the S&P 500.

The technology sector is vast, but five technology giants should be familiar to most of us — Facebook, Apple, Amazon, Netflix and Google (Alphabet), forming the famous group of FAANG stocks. While we may be most familiar with these companies, as most of their services are heavily integrated into our daily lives, there are other noteworthy names that registered significant growth over the pandemic.

Impact of COVID-19 on our lives and the technology sector

The COVID-19 pandemic has accelerated the digitalisation of business processes and consumer behaviours