The technology sector includes software solutions, key components within products that individuals and businesses rely on, and developments within areas such as 澳洲幸运5官方开奖结果体彩网:artificial intelligence.

Well-known 澳洲幸运5官方开奖结果体彩网:large-caps with 澳洲幸运5官方开奖结果体彩网:market capitalizations over $10 billion in this sector include Apple Inc. (AAPL), Microsoft Corporation (MSFT), and Google parent Alphabet Inc. (GOOG), but some top mid-cap tech companies with average market caps between $2 and $10 billion may warrant closer attention based on their performance and upside potential.

Identify Mid-Cap Companies

Investors can identify top mid-ꦜcap tech compan𒐪ies by:

• Combing through the tech holdings on an individualized basis based on 澳洲幸运5官方开奖结果体彩网:fundamentals or 澳洲幸运5官方开奖结果体彩网:technical chart patterns
• Find top companies from within the information technology segment in the top holdings of popular 澳洲幸运5官方开奖结果体彩网:exchange-traded funds (ETFs)

ETF Holdings

Mid-cap companies typically have a 澳洲幸运5官方开奖结果体彩网:market capitalization between $2 billion and $10 billion, but holdings in mid-cap ETFs can exce📖ed this normal range. Strong performance 💧since the time the holding was added to the fund is often the biggest reason for the discrepancy.

Leading mid-cap ETFs, according to Morningstar ratings, include SPDR Midcap Trust Series I (MDY), iShares Core S&P Mid-Cap ETF (IJH), and Vanguard S&P Mid-Cap 400 ETF (IVOO). Three top💜 mid-cap tech companies are found in all of theꦆse ETFs.

TD SYNNEX Corporation (SNX)

TD SYNNEX Corp. (SNX) was founded in 1980 by Robert T. Huang and is headquartered in Fremont, CA. The company offers IT hardware, software, server and data center infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. It also provides system design and integration solutions. As of Aug. 7, 2024, TD SYNNEX had a market capitalization of $9.48 billion.

Onto Innovation (ONTO)

Onto Innovation (ONTO) was founded in 1940 and is headquartered in Wilmington, Massachusetts. The company specializes in developing, manufacturing, and supporting control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. As of Aug. 7, 2024, Onto Innovation had a market capitalization of $8.31 billion.

Universal Display Corporation (OLED)

Universal Display Corporation (OLED) is located in Ewing, NJ, and is a global leader in the organic light-emitting diode (OLED) industry. The company's proprietary technologies and materials can be found in smartwatches, tablets, smartphones, and TVs, including Samsung’s Galaxy series and LG’s OLED TVs. As of Aug. 7, 2024, Universal Display Corporation had a market capitalization of $7.81 billion.

The Bottom Line

The mid-cap segment of the tech sector may be overlooked by investors in favor of larger corporations. However, many mutual funds and ETFs focus on emerging companies whose market capitalizations fall between $2 billion and $10 billion.