Views expressed are as of the date indicated, based on the data available at the moment, and will change based mostly on market and different circumstances. Unless in any other case noted, the opinions supplied are those of the author and never essentially those of Fidelity Investments or its associates. Fidelity doesn’t assume any duty to update any of the knowledge. The technology industries can be significantly affected by obsolescence of current technology, short product cycles, falling costs and profits, competition from new market entrants, and basic economic situation. Finally, semiconductors proceed to play a vital position in providing the computing energy required to develop these models.

Technology is commonly thought-about too narrowly; in accordance with Hughes, “Technology is a artistic process involving human ingenuity”. In his article, Jared Bernstein, a Senior Fellow on the Center on Budget and Policy Priorities, questions the widespread concept that automation, and extra broadly, …