On Thursday, the technology sector witnessed a major drop, with the Nasdaq closing 6% lower. This marked the most severe single-day decline for tech stocks in over five years.
Rather than picking individual tech stocks in a volatile market, technology ETFs provide diversified exposure while balancing growth potential and risk.
According to TheFly, at least 13 brokerages lifted their price targets on the stock. Cantor Fitzgerald set the highest target at $228, up from $201, while maintaining an 'Overweight' rating.
In its shareholder letter, the company likened its AI and high-performance computing role to Cisco’s infrastructure leadership during the internet boom.
