Cisco Systems Inc. reports that the "Internet of Things" market will generate up to $14 trillion in profits over the next few years. That's an incredible rate of growth.
tech stocks 2016
- One of the Best Tech Stocks to Buy in This Booming $14 Trillion Market
- Why Big Tech Stocks Are "Unwinding" in 2016
Blue-chip tech stocks were some of the biggest growth catalysts for the bull market we exited in January. That was the longest bull market since World War II, which lasted six years.
Now we've entered a bear market. And it's sent the Nasdaq down 17% from its July highs.
Apple Inc. (Nasdaq: AAPL) and Amazon.com Inc. (Nasdaq: AMZN) are already down 11% and 26% this year, respectively.