The NASDAQ has reached levels not seen since 2000 at the tail end of dot-com bubble. And tech has a lot to do with it.
But it’s not only Apple that is killing it, especially this year.
This week Fortune released its list of top 100 fastest-growing companies, and a plenty of tech exposure is in the list. Apple is there — which is frankly amazing, because it’s easier to move the dial on huge growth with a small company than with a multi-billion-dollar giant — but so is Baidu, the massive Chinese search engine.
NetApp, VMware, Rackspace, and Netgear are other well-known tech companies on the list. 3D printing company 3D systems is also there, with many other smaller tech companies. In fact, counting those small companies, at least 25 of the top 100 fastest growing companies in America are technology companies.
And technology, as a business sector, is growing the second-fastest of any industry, with almost 31 percent growth in the past 12 months.