

Robertson Stephens Wealth Management LLC lessened its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 44.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,276 shares of the company's stock after selling

Right now, the market is rewarding companies invested in the AI build-out. They may not be the ultimate winners.

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC - Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 371,323 shares, a growth of 139.9% from the September 15th total of 154,779 shares. Based on an average trading volume

Fidelity MSCI Information Technology Index ETF (FTEC) offers concentrated exposure to the AI data center build and broader US tech sector. FTEC's top holdings (Nvidia, Apple, and Microsoft) comprise 45% of assets; AI-related companies dominate, with 47% directly tied to the AI buildout. Despite a high absolute PE (29x for YE27), FTEC's PEG is under 1x, reflecting high EPS growth driven by semiconductors.

Apple's smart home push could strengthen its IoT presence, but rich valuation makes Apple-focused ETFs a safer way to play the opportunity.


Fidelity MSCI Information Technology ETF offers passive cap-weighted exposure to almost 300 U.S. tech stocks, maintaining strong appeal despite a potential rotation to value. FTEC boasts a projected 28.84% next-year EPS growth rate and a 31.98x TTM P/E that's below its five-year average. Tech P/E's may compress by 25% in a downturn, but this would need to be accompanied by a substantial EPS forecast miss to have a serious impact on investors.

Apple's foldable iPhone could unlock a lucrative new growth opportunity. Here's how investors can play the potential upside through ETFs.