After the recent sell-off in technology stocks led by Nvidia, some ETFs are presenting as strong buying opportunities in September. Two in particular stand out.
The first ETF worth considering is the Invesco QQQ Trust (NASDAQ: QQQ). This ETF tracks the performance of the Nasdaq-100 Index and is heavily weighted towards technology stocks. While Nvidia’s downturn may have had an impact on the sector as a whole, many other tech companies within the index continue to show strong growth potential. With a diverse portfolio of leading tech companies, the Invesco QQQ Trust could be a solid choice for investors looking to capitalize on the rebound of the tech sector.
Another ETF to keep an eye on is the ARK Innovation ETF (NYSEMKT: ARKK). This actively managed fund focuses on disruptive innovation and invests in companies that are at the forefront of technological advancements. While Nvidia may have experienced a setback, many of the companies held within the ARK Innovation ETF are positioned for long-term growth. With investments in areas such as genomics, fintech, and robotics, this ETF offers exposure to some of the most exciting and innovative sectors of the market.
In conclusion, the recent sell-off in technology stocks presents an opportunity for investors to scoop up shares of ETFs that are well-positioned for future growth. Both the Invesco QQQ Trust and the ARK Innovation ETF offer exposure to the tech sector and could be strong buys in September.