1 Tech ETF to Invest $1,000 In Right Now

Group 1 - The tech sector has had a challenging start in 2023, with the S&P 500's tech sector down over 6% as of March 16, and none of the "Magnificent Seven" stocks showing gains year to date [1] - Despite the sluggish performance, many tech stocks are still considered strong long-term investments, and investing in a tech ETF can mitigate risks associated with individual stocks [1][2] - The Invesco Nasdaq 100 ETF (QQQM) is highlighted as a smart investment choice, as it mirrors the Nasdaq-100 and has nearly 60% of its holdings in tech stocks while also providing exposure to other sectors [3] Group 2 - QQQM's top 10 holdings predominantly consist of tech companies, with Nvidia, Apple, and Microsoft being the largest, while Walmart is the only non-tech company in the top 10 [4] - Year-to-date performance shows that QQQM is down but still outperforms the S&P 500's tech sector and other pure-play tech ETFs like the Vanguard Information Technology ETF [5] - Since its inception in October 2020, QQQM has averaged 13.8% annual returns, slightly above the Nasdaq-100's historical average of 13%, indicating potential for significant long-term growth [7]