Some Tech Stocks Are Having a Strong Year—but Not All of Them

S&P 500’s Information-Technology Sector Outperforms, Led by Mega-Cap Tech Stocks #

The S&P 500’s information-technology sector has been the top-performing segment this year, thanks to the strength of mega-cap tech stocks like Nvidia, Microsoft, and Apple. However, the sector’s performance is partially masked by underperformance in other areas. The semiconductors industry group, part of the IT sector, has outperformed the S&P 500 with a gain of over 77% this year. It is on track to have its best year relative to the broader sector since 2003. Overall, the IT sector continues to demonstrate its significance in the market.