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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.

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 Quick Quote HPQ - Free Report) also recorded strong growth of 34.6% while Dell (DELL Quick Quote DELL - Free Report), Apple (AAPL Quick Quote AAPL - Free Report), and Acer rounded out the next three PC manufacturers. From a market share look, Lenovo and HP gained 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.

International Data Corp. (IDC) pegged the 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.

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 Quick Quote VGT - Free Report), iShares U.S. Technology ETF (IYW Quick Quote IYW - Free Report), Technology Select Sector SPDR Fund (XLK Quick Quote XLK - Free Report), First Trust Technology AlphaDEX Fund (FXL Quick Quote FXL - Free Report) and MSCI Information Technology Index ETF (FTEC Quick Quote FTEC - Free Report).