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6 Tech Trends That Will Dominate 2018

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We have witnessed the arrival of amazing tech breakthroughs over the past few years. They range from the profound (algorithms that can spot tumors better than radiologists, or self-driving cars) to the whimsical (digital assistants that tell us which clothes look best on us).

“We’re truly in an amazing time,” says Ken Allen, who would know, as manager of the T. Rowe Price Science & Technology Fund (PRSCX).

Aside from the personal benefits, there’s a lot of money to be made for investors. Anyone who bought Amazon.com (AMZN) in the summer of 2009 – a major player in artificial intelligence and cloud computing – is now up 1,380%. Alphabet (GOOGL) is up 420%.

Good news on that front: Things are only just getting started. The "Big Five" tech companies alone – Facebook (FB), Microsoft (MSFT), Alphabet, Amazon and Apple (AAPL) – now spend $150 billion a year on research, compared to $16 billion 10 years ago, Allen says.

Tech experts like Allen expect big advances in 2018 and beyond in six key areas. Here are the most exciting tech trends to watch, and some companies that will benefit:

SEE ALSO: The 18 Best Stocks to Buy for 2018

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