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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 one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.