It has been a rough start to the year for the tech sector, as companies have been hit hard by tariffs, trade tensions with China that have axed the flow of essential rare earth metals to the United States, and more. The benchmark Technology Select Sector SPDR Fund (NYSEARCA: XLK), a broad proxy for the entire sector, has plunged by about 10% year-to-date (YTD) while the S&P 500 has fallen by only 5% overall during the same period.
Investors may find it hard to shake their interest in the tech space. After all, major tech names like NVIDIA Corp. (NASDAQ: NVDA) have in recent years been among the very best-performing U.S. equities.
