Technology stocks have historically led market rallies, and this year has been no exception. The Technology Select Sector SPDR Fund (NYSE: XLK) has advanced about 40% year-to-date, with stocks levered to remote work and study making strong upward moves.
As an unusual year draws to a close, here are 12 key technologies compiled by Lux Research that will likely be in the spotlight in 2021.
Autonomous Vehicles: Increasing levels of vehicle automation, especially Level 4 and 5 autonomous vehicles, will eventually remove the need for a driver in consumer and commercial vehicles, Lux Research said.
Investors can tap into emerging opportunities in areas such as sensors and connectivity for autonomous vehicles, the report said.
Some beneficiaries could be lidar solution providers such as Veoneer Inc (NYSE: VNE), ON Semiconductor Corp (NASDAQ: ON), NXP Semiconductors NV (NASDAQ: NXPI), Autoliv Inc. (NYSE: ALV), Texas Instruments…