ETF investor says own chip stocks to ride the next technology boom

Sean O?섽ara, president of Pacer ETFs Distributors, says chipmaking companies are the future of the technology sector over giants like Facebook and Google.

Netflix or Apple. The firm is more focused on the ?쐓pine or the skeleton of technology,like semiconductors.

O?섽ara said the future of the technology market is not in cellphones. ?쏷he future of the market is going to be how we connect our refrigerator to the grid … to a data center someplace./p>

Development in artificial intelligence and blockchain technology will not be possible without the production of high-grade chips that companies such as Micron Technology are developing.

O’Hara likes Micron because it generates a lot of cash flow and trades at low multiples. Micron plans to buy back $10 billion of its own stock sometime this year.

The Pacer Trendpilot 100 ETF is up 28 percent in the past year and includes chip stocks Micron, Advanced Micro Devices and Intel.

Pacer ETFs Distributors has $2.4 billion under management.