Technology ETF (XLK) Hit a 52-Week High

For investors seeking momentum, Technology Select Sector SPDR ETF XLK is probably on the radar. The fund just hit a 52-week high and is up 52.5% from its 52-week low of $172.45 per share. But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:XLK in FocusThe underlying Technology Select Sector Index includes companies from the following industries: computers & peripherals; software; diversified telecommunication services; communications equipment; semiconductor & semiconductor equipment; internet software & services; IT services; wireless telecommunication services; electronic equipment & instruments; and office electronics. SPDR NYSE Technology ETF charges 8 bps in annual fees (see: all the Technology ETFs here).Why the Move?The broad technology sector has been an area to watch lately, driven by a strong tech rally. Google parent Alphabet (GOOGL) recently reported solid second-quarter 2025 results, beating both revenue and earnings estimates.The tech giant also raised its capital expenditures forecast for the year, signaling a more aggressive investment push into AI infrastructure. This has raised hopes for upbeat earnings results from other Big Tech companies.More Gains Ahead?Currently, XLK has a Zacks ETF Rank #1 (Strong Buy), suggesting that the outperformance could continue in the months ahead.Boost Your Portfolio with Our Top ETF InsightsZacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week.Don’t miss out on this valuable resource. It’s free!Get it now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Technology Select Sector SPDR ETF (XLK): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks