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.
Pacer ETFs Distributors has $2.4 billion under management.