What’s in store for tech in 2024?

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After a big year for tech in 2023, we look to see what might be in store for 2024 and reveal three investment ideas.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Published on 25 January 2024

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

Technology’s a big sector and 2024 is poised for technological advancements, like artificial intelligence (AI), cloud computing, cyber security, and even blockchain.

The tech heavy US market was the big winner from the sector’s rally. The ‘magnificent seven’ (Apple, Alphabet (Google), Amazon, Meta (Facebook), Microsoft, Nvidia and Tesla), provided nearly all the gains in the S&P 500 last year. And a big part of this was because they’re seen as the biggest beneficiaries from the advancements in AI.

This article isn’t personal advice. If you're not sure if an investment is right for you, ask for financial advice. All investments and any income they produce can rise and fall in value, so you could get back less than you invest.

AI are computer systems that can perform complex tasks that previously only a human could do, like reasoning, making