The Fidelity Select Technology Portfolio (FSPTX) is a mutual fund that focuses on investing in companies within the technology sector. In the fourth quarter of 2024, the fund saw significant growth and positive performance.
Multiple factors contributed to the success of FSPTX in Q4, including the strong performance of tech stocks overall, as well as specific investments made by the fund managers. The fund’s top holdings include well-known companies such as Apple, Microsoft, and Alphabet, all of which saw gains during the quarter.
One of the standout performers for FSPTX in Q4 was semiconductor manufacturer NVIDIA, which reported strong earnings and guidance that exceeded market expectations. This helped boost the fund’s performance and contributed to its overall success during the quarter.
Overall, the Fidelity Select Technology Portfolio performed well in Q4 2024, outperforming its benchmark index and delivering solid returns for investors. The fund’s focus on the technology sector proved to be a winning strategy, as tech stocks continued to see positive momentum throughout the quarter.
Investors who are looking to capitalize on the strength of the technology sector may want to consider adding FSPTX to their portfolio. With a track record of strong performance and a focus on innovative and high-growth companies, the fund offers a compelling option for those seeking exposure to the tech industry.
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