TSLA AAPL AMC AMZN GME TSLA AAPL AMC AMZN GME TSLA AAPL AMC AMZN GME News & Insights Smart Investing Markets Companies Cryptocurrencies Technology Personal Finance Earnings Financial Advisors More Smart Investing Markets Companies Cryptocurrencies Technology Personal Finance Earnings Financial Advisors ETFs Tech ETFs to Tap on Booming PC Growth April 22, 2021 — 12:05 pm EDT Written by Sweta Killa for Zacks -> The personal computer (PC) market has been booming with no signs of a slowdown despite the chip shortage. This is especially true as PC sales saw the fastest year-over-year growth in the last two decades for the first quarter of 2021 buoyed by strong demand from consumers working and studying remotely, according to Gartner. This was followed by the biggest PC sales growth in decades last year (read: ETFs to Tap the Sustained Semiconductor Boom).Overall, worldwide PC shipment surged 32% to 69.9 million in the first quarter with Lenovo leading the way higher with 42.3% year-over-year growth. HP HPQ also recorded strong growth of 34.6% while Dell DELL, Apple AAPL, and Acer rounded out the next three PC manufacturers. From a market share look, Lenovo and HP gained a 25.1% and 21.4%, respectively. Dell, Apple and Acer Group took the third, fourth and fifth spots with 16.5%, 8.0% and 5.7% market share, respectively. Including Chromebooks, the worldwide PC market grew 47% year over year, as Chromebook shipments increased triple digits on investment among educational institutions in North America (see: all the Technology ETFs here).International Data Corp. (IDC) pegged increase of global shipments of personal computers, including desktops, notebooks, and workstations at 55.2% year over year to 84 million units. The strong growth was driven by the continued resurgence in the PC market, increase in average selling prices, growth in gaming, the need for higher performance notebooks in the enterprise, and an increase in demand for touchscreens within the education segment.Meanwhile, Canalys revealed a 55% year-over-year increase in PC shipments to 82.7 million units in the first quarter, the highest Q1 shipment number since 2012. Shipments of notebooks and mobile workstations increased 79% year over year (read: Technology Regains Momentum: 5 ETFs Leading the Way).Most analysts project the solid trend to continue in the first half of 2021 due to increasing PC demand though global chip shortage might hinder growth. As such, investors could ride out the splurging PC market with the technology ETFs, which have a solid Zacks Rank #1 (Strong Buy) or 2 (Buy) suggesting their continued outperformance. Some of these are Vanguard Information Technology ETF VGT, iShares U.S. Technology ETF IYW, Technology Select Sector SPDR Fund XLK, First Trust Technology AlphaDEX Fund FXL and MSCI Information Technology Index ETF FTEC. Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report SPDR-TECH SELS (XLK): ETF Research Reports FID-INFOTEC (FTEC): ETF Research Reports FT-TECH ALPHA (FXL): ETF Research Reports VIPERS-INFO TEC (VGT): ETF Research Reports ISHARS-US TECH (IYW): ETF Research Reports To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags ETFsInvesting More Related Articles This data feed is not available at this time. • Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.