Growth in technology areas is seen in data processing, outsourcing services like consulting, semiconductors and electronics, while other segments will likely be more challenged such as computer-office equipment and office electronics.
Hewlett-Packard Co (HPQ) for instance began cutting down thousands of jobs as part of its $2 billion reorganization and $700 million in savings related to the spin-off. The tech giant split into two separate units: one focusing on PCs and printers, and the other on software and enterprise services.
In technology beyond mobile, ARM Holdings Plc (ARMH) is up +3.38% to $43.77 on the month as the British designer of mixed-signal semiconductors announced multi-year contracts featuring 7 nm solutions for data centers and network infrastructure. Peer chipmaker Qualcomm Inc (QCOM) is more focused on the Asian market, so gaining +2.02% to $51 year to date.