Tech stocks refer to shares of companies that operate within the technology sector. This sector includes businesses engaged in the development, manufacturing, and distribution of technology-related products and services, such as software, hardware, electronics, and telecommunications. Tech stocks are typically characterized by high growth potential, driven by innovation and advances in technology, but they may also come with increased volatility and risk. Investors often look to tech stocks as a way to gain exposure to the rapid advancements and expanding market opportunities within the technology industry. The performance of tech stocks can significantly influence major stock market indices, given the substantial market capitalization of many leading tech companies.
Advanced Energy Industries closed 2024 with a revenue of $1.48 billion, an 11% decline, and net income fell to $56.3 million, over half less than the previous year. Despite the…