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In its latest report released last December, the Bureau of Economic Analysis (BEA) estimates that the digital economy now represents 10% of the total U.S. GDP, or $2.6 trillion. The digital economy is also growing at an average annual growth rate of 7.1%.
Look into some Metaverse ETFs to capitalize on the optimistic outlook for the emerging technology, as it is turning out to be more than just a fashionable technological concept.
Rising rate worries have weighed on the growth stocks in recent weeks. The tech-heavy Nasdaq Composite slumped 1.4% in the past three months (as of Oct 10, 2023) on concerns whether policymakers will enact another hike this year.
It may not be new, but one of the best modern-day examples of disruptive technology is the smartphone. It is a technology that has radically disrupted human behavior and changed how we live our daily lives.
Rising rate worries are back and have weighed on the growth sectors like technology.
The concept of Metaverse is emerging right now. Several ETF issuers are coming up with new product launches on this concept.
U.S. tech stocks have hit rough weather lately due to the banking crisis in the United States. Several investors are finding tech stocks and ETFs safe bets.
U.S. tech stocks hit rough weather last year. But the segment may stage a turnaround in 2023.