Stocks in Processing Systems & Products
Stocks in the Processing Systems & Products industry are also in the Technology sector.
Companies in the Technology sector produce software and devices for consumers and businesses. Think of Apple on the consumer side and Cisco on the business side, as well as Facebook and Google on the software side. Technology companies face continual obsolescence of their product (so they have to keep investing in research and development) but can also grow from humble beginnings to huge businesses very quickly. They can also fall out of favor due to quick and sudden disruptive competition.
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