Introduction

Technology continues to dominate the stock market, delivering strong returns and long-term growth potential. For investors looking to capitalize on the power of tech without putting all their eggs in one basket, technology-focused ETFs are an ideal option. These funds bundle top-performing companies into one asset, offering diversification and reducing risk.

In this article, we highlight 7 major tech companies that have demonstrated impressive valuation growth over the past 1 and 2 years, making them standout performers in many ETFs. We’ll also examine whether they pay dividends, helping you balance growth and income in your portfolio.

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1. Nvidia (NVDA)

• 1-Year Valuation Growth (2024–2025): +147%
• 2-Year Valuation Growth (2023–2025): +455%
• Dividend: Yes (modest yield)

Nvidia has been the undisputed leader in AI hardware. Its GPU dominance, especially in data centers and AI training, fueled exponential growth. Over the past two years, Nvidia’s valuation has more than quadrupled. ETFs like VanEck Semiconductor ETF (SMH) and iShares U.S. Technology ETF (IYW) have significantly benefited from its performance.

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2. Microsoft (MSFT)

• 1-Year Valuation Growth: +35%
• 2-Year Valuation Growth: +70%
• Dividend: Yes

Microsoft has had a steady upward trajectory, driven by its cloud platform Azure and enterprise AI integrations. Its commitment to innovation and strong cash flow make it a foundational holding in Vanguard Information Technology ETF (VGT) and Technology Select Sector SPDR Fund (XLK). Microsoft also offers consistent dividend payouts.

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3. Apple (AAPL)

• 1-Year Valuation Growth: +15%
• 2-Year Valuation Growth: +40%
• Dividend: Yes

Apple has shown modest but consistent growth, driven by services, iPhone sales, and ecosystem expansion. Its long-standing reputation for quality and financial strength makes it a core ETF component in SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ). Apple’s dividend adds an extra layer of appeal for income-seeking investors.

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4. Broadcom (AVGO)

• 1-Year Valuation Growth: +87%
• 2-Year Valuation Growth: +155%
• Dividend: Yes (high yield)

Broadcom has excelled with its strategic focus on infrastructure software and semiconductors. The stock surged thanks to its positioning in AI connectivity and its acquisition of VMware. Broadcom’s high dividend yield and outstanding valuation growth make it a favorite in iShares Semiconductor ETF (SOXX) and dividend-focused tech ETFs.

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5. Amazon (AMZN)

• 1-Year Valuation Growth: +60%
• 2-Year Valuation Growth: +90%
• Dividend: No

Amazon’s stock recovered significantly after a slower 2022, driven by a rebound in e-commerce and sustained AWS dominance. It remains a top pick in growth-oriented ETFs like ARK Innovation ETF (ARKK) and Vanguard Growth ETF (VUG). While it doesn’t pay dividends, Amazon reinvests heavily into innovation.

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6. ASML Holding (ASML)

• 1-Year Valuation Growth: +42%
• 2-Year Valuation Growth: +72%
• Dividend: Yes

ASML’s unique position as the sole provider of EUV lithography systems continues to make it one of the most valuable companies in the global semiconductor supply chain. It’s been a strong performer in ETFs like iShares MSCI EAFE ETF (EFA) and Invesco International Technology ETF (IPN). ASML also pays a growing dividend.

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7. Adobe (ADBE)

• 1-Year Valuation Growth: +35%
• 2-Year Valuation Growth: +65%
• Dividend: No

Adobe has delivered solid returns over the past two years, as it evolves its Creative Cloud and marketing platforms with AI tools. Its high-margin, subscription-based model makes it a consistent grower in ETFs such as Fidelity MSCI Information Technology ETF (FTEC). Adobe does not currently offer dividends but continues to expand aggressively in AI and automation.

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Why Past Valuation Performance Matters

Looking at the last 1–2 years of valuation growth provides investors with a tangible, data-backed view of a company’s resilience and momentum. It’s not about guessing the future—it’s about recognizing the proven performers that are consistently delivering results.

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How These Stocks Influence ETFs

These companies are core holdings in many popular ETFs. By analyzing their past performance:

• You get insight into why certain ETFs have outperformed.
• You can select ETFs with the right balance of growth and dividends.
• You reduce risk by spreading investment across industry leaders.

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Conclusion

The past two years have been a golden era for many tech giants. Companies like Nvidia, Microsoft, Apple, Broadcom, Amazon, ASML, and Adobe have posted impressive valuation growth, some with triple-digit returns. These businesses continue to innovate and expand, and while past performance isn’t a guarantee of future returns, it’s a strong indicator of operational excellence.

Investing through ETFs that include these high-performing companies allows for strategic diversification, professional management, and easier access to world-class tech growth.