For a broad picture, one need only look at the Technology SPDR (XLK), a collection of some of tech’s largest names. While the ETF is at multiyear highs thanks to an 11% run year-to-date, it’s still vastly underperforming the S&P 500, itself up 18% and playing with all-time highs today.
That’s because on an individual level, tech stocks have been weighed down by lagging returns from the likes of Oracle (ORCL), Apple (AAPL) and IBM (IBM) despite the red-hot runs of Google (GOOG) and others.
Of course, the tech sector itself is vast, at nearly 2,200 publicly traded companies. So lost among all these big names and hardly accounted for in the broader picture for tech is a universe of smaller or lesser-known companies — many of which are already booming or have enormous potential down the road.
What are some of these hidden gems? Well, here’s a look at five: