AI is driving growth opportunities in technology

Fidelity's Technology sector mutual funds and ETFs are well positioned to capitalize on the investment potential being created by artificial intelligence.

Why technology: artificial intelligence

Continued growth in the Technology sector is being fueled by generational advances in artificial intelligence (AI). From self-driving cars to voice-powered personal assistants, we may be only scratching the surface of the investment potential AI is expected to create across all industries.

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Worldwide AI revenue is expected to be $46 billion by 2020, expected to grow by 50% year-over-year.1

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In 2016, technology companies invested more than $20 billion globally in AI2

Technology sector funds from Fidelity

Fidelity offers both mutual funds and exchange-traded funds (ETFs) specifically focused on the Technology sector that can provide exposure to the opportunity presented by AI. Fidelity Select Technology Portfolio3 has returned 19.03% on an annualized basis over the past 10 years, beating the 17.05%4 return of the MSCI US Info Tech 25/50 Index; while FTEC is the lowest cost technology ETF on the market at 8.4 bps.5

Fidelity Select Technology Portfolio (FSPTX)
This sector fund invests in companies which Fidelity believes have, or will develop, products, processes, or services that will provide or will benefit significantly from technological advances and improvements.

Fidelity MSCI Information Technology Index ETF (FTEC)
This ETF tracks the MSCI USA IMI Information Technology Index and provides investors exposure with the benefits of intraday trading.

Select the name of the fund for additional important fund information, including quarter-end returns, investment objectives, risks, fees, and expense ratio. Or, hover over the fund symbol for the eResearch Snapshot.

Thought leadership

The future according to now
From smart cities to the next generation of 3D printing, our podcast series from Fidelity and The Atlantic explores technology and innovation that will impact your life.

Additional resources

Why invest in sectors at Fidelity
Learn more about the benefits of sector investing at Fidelity.