ALPS Disruptive Technologies ETF [DTEC] Stock Forecast

Is the Fed indeed bringing its rate hikes to an end? With the most recent inflation data coming in significantly cooler than previous reads, that may be the case.

Artificial intelligence (AI) has been one of the hot trends this year. But it won't be a one-trick pony exclusively for 2023.

GenAI has commanded attention and moved markets this year, earning comparisons to the internet and smartphones for its transformative potential. Unlike other technology innovations that had fleeting fame before fading to the background, we see genAI having a far-reaching and lasting impact.

Tech has proved to be a very resilient source of growth this year and for good reason. It may feel like a long time ago, but ChatGPT has only been in the public eye for a few months.

One of the ongoing themes in getting technology exposure is to hone in on disruption. This strategy is warranted given its growth potential, but can be tricky to navigate given the plethora of options.

Tech has proven to be a surprisingly durable source of returns so far this year, but how should investors respond? So much of the year's narrative has focused on concerns like rising rates or a looming recession.

Megatrends and secular themes require patience because it can often take years for these trends to play out. However, investors' patience was tested last year as once-beloved disruptive growth stocks stumbled, serving as a reminder that no theme — no matter how compelling — moves higher in linear fashion.

One of the most beleaguered investment concepts entering 2023 was disruptive or innovative tech. Stocks with those labels were punished last year as interest rates rose and as investors eschewed non-profitable companies.

The ALPS Disruptive Technologies ETF (DTEC) is rallying while Big Tech falls on disappointing earnings results from Alphabet (GOOGL) and Microsoft (MSFT). DTEC is up over 2% mid-day Wednesday and has increased nearly 7.5% over the past five days.

The ALPS Disruptive Technologies ETF (DTEC) rallied 1.57% last week as growth stocks were propelled by a weakening economic outlook, creating optimism that Fed-driven rate hikes could ease.

ALPS Disruptive Technologies ETF is a US stock and trading under the symbol DTEC

ALPS Disruptive Technologies ETF stock price is $37.8693 today.

Yes, ALPS Disruptive Technologies ETF is a publicly traded company.