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The biggest change in the tech world is not the smartphone

The biggest change in the tech world is not the smartphone
photo courtesy of SHUTTERSTOCK

If I asked you what the biggest recent change in the tech world was, what would you say? You might mention the Apple Watch or Windows 10. But, the actual biggest change might not have anything to do with a specific gadget or software. The real change might be taking place in the stock market, where many tech companies are seen as a safe choice in a volatile market. That wasn't always the case.

So which companies did the best this earnings season? As a rule, it was big cap names serving the consumer market: Apple, Twitter, Amazon and Netflix. What these four companies have in common beyond strong earnings last quarter is that all were seen as struggling by investors during some or all of 2014.

Despite a sometimes bumpy 2014, all those companies now look like safe bets and are posting healthy earnings. Apple's stock has risen 21% over the last month and is now the first American company to be valued at over $700 billion. Amazon, Netflix and Twitter have all seen their stock prices jump recently, too.

But, that doesn't mean investors are excited about all the tech stocks out there. There are a few that many are shying away from.

Next page: Which tech stocks are investors shying away from.
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