Business
What’s in store for the ASX tech sector in 2021?
The global tech sector had a bumper year in 2020 with the NASDAQ gaining 40% over the year as technology companies rode a wave of COVID-19 disruption.
Australia’s All Technology Index (ASX: XTX), which launched in February 2020, finished the year up 42.5%. 2021 is also shaping up to be a promising year for technology shares with government stimulus potentially providing tailwinds to the sector.
The Biden administration is expected to splash cash to get the US economy restarted, with sectors such as biotechnology and artificial intelligence prime candidates for investment. Increased investment in digital infrastructure in the US will have impacts globally, as technology becomes increasingly important in driving our lifestyles…
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