Pacer Data and Digital Revolution ETF

TRFK

Market cap $185M

Launched on June 8, 2022, the Pacer Data and Digital Revolution ETF (TRFK) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Broad segment of the equity market.

Digital Revolution ETF TRFK surges to a 52-week high, lifted by Oracle's spectacular cloud-driven rally and strong momentum signals.

As we face the last quarter of 2024, interest rates are finally heading down, kicked off by a 50 basis point Fed cut, the election race is too close to call, and global geopolitical instability remains a risk factor.

Sean O'Hara launched Pacer ETFs in 2015 as president. But years of running the distribution channel for Hartford Financial started him down the path looking for the best ETFs.

The technology sector suffered big losses last month due to a decline in mega-cap market caps. The beaten-down prices could be viewed as solid entry points.

Intel beat estimates on earnings but lagged the same on revenues. It provided a dismal second-quarter revenue guidance, underscoring concerns over the company's growth prospects.

In its latest report released last December, the Bureau of Economic Analysis (BEA) estimates that the digital economy now represents 10% of the total U.S. GDP, or $2.6 trillion.  The digital economy is also growing at an average annual growth rate of 7.1%.

Wall Street wrapped up the first quarter with a big bang, driven by strong corporate profits, enthusiasm around AI and hopes that the Fed will cut rates.

The technology sector has been grabbing attention this year on continued artificial intelligence (AI) boom and strong corporate earnings. We have highlighted five ETFs from different industries in the tech space that are leading the way higher.

Nvidia (NVDA) is poised to become the first semiconductor company to reach a $2 trillion valuation, marking an important milestone in its rise as the primary beneficiary of the surge in artificial intelligence-related stocks over the past year.