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As I predicted in my 2017 outlook a few weeks ago, tech is off to a screaming start to the year. The tech-centric Nasdaq Composite is up close to 7% versus the S&P 500's 3.9%.
Here's the key: As the years go by, Silicon Valley will be providing more and more of the technology that's becoming critical to our society's existence, like broadband and mobile communications, wearable tech, sensors, virtual and augmented reality and medtech.
That's exactly how the Singularity Era works…
However, virtually none of that can exist without the fundamental component I'm going to tell you about right now. It's absolutely indispensable to innovation, miniaturization, mobilization and utilization.
This little part enables the global spread and adoption of technology – and you bet it enables massive tech profits, too.
The Tech That Makes Tech Possible
The pace of technological advance has been lighting fast over the past 60 years.
And it's only going to get faster.
That's largely thanks to the exponential acceleration of computing speed. Consider that in your pocket right now you're likely packing several tens of thousands of times the computing power of the Apollo craft that landed on the moon – not to mention the computers NASA used to pull it off.
In 1995, humans were producing about 100 gigabytes of data every day – far, far less than the 16-terabyte capacity of our newest hard drives in 2017.
What's more, by 2018, humans and their machines, large and small, will generate close to 50,000 gigabytes every second. That comes to 4.5 exabytes – that's 4.54 quintillion bites – of data every day, in everything from text messages and emails to love notes, doctoral dissertations and internet traffic.
And only hyperfast computers can handle that eye-watering supply of 0s and 1s.
In real time, no less.
That's where my recommendation comes in. This company's developers have been consistently innovate and improve computer processors, and they've been at it for a while.
They've got the microchip game covered front to back.
Put "Intel Inside" Your Core Tech Holdings
All of the incredible progress and achievement in processors, stunning and disruptive as it has been, is only laying the foundation of what's coming just around the corner…
Driverless cars, smart houses, interconnected devices, cybernetics, artificial intelligence (AI), smart clothes with sensors, and virtual reality surgery are all coming – some prototypes are here already – and they all depend on the chips made by Intel Corp. (Nasdaq: INTC).
Now, of all the great chipmakers out there, come-from-behind Intel is one of the biggest and best bets for your core technology holdings.
Just a few years back, Intel looked to be stuck with the short end of the stick. It relied heavily on server, desktop, and, of course, laptop sales right as the mobile wave was hitting.
But it's really amazing what new, fresh leadership can do. Rule No. 1 of Yo…
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
You can follow Michael's tech insight and product updates for free with his Strategic Tech Investor newsletter.