Tech stocks rising in popularity with investors

The technology sector is once again becoming popular with investors, as the Facebook IPO turns a spotlight onto tech stocks.

That is according to the Association of Investment Companies, which said that the social media site's announcement of its planned IPO has got investors thinking about technology once again.

Although they are being more cautious following the "boom and bust" of the dot com bubble, investors are finding that social media in particular is whetting their appetites, especially as leading US companies such as Google and Apple establish headquarters in London to accommodate for expansion.

In general, AIC figures suggest that technology stocks are trading in line with the wider economy, however looking at the mid-term, they have performed strongly in the past three years.

While some tech companies may have lagged, growth at the top has been phenomenal, with the Facebook planned IP valuing it at $100 billion (£63 billion) and Apple's market capitalisation briefly surpassing Enron's as the largest in the world last year.

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