Investments in emerging technologies such as quantum computing are risky. This paper examines whether investing in stocks of companies with high exposure to new technologies leads to potentially high returns. I collect all U.S. patent publications publicized between 1976 and 2021 and their first-and second-hop neighbor patents in their citation network. I use textual information and the information on the citation network to detect tech clusters experiencing high growth of new patents. A size-adjusted value-weighted portfolio is created by buying firms with high exposure to new technology and selling firms with low exposure (new-minus-old factor NMO). The portfolio generates 7.4% annual returns and 5.7% to 14.7% annualized alphas depending on different factor models. In the Fama and MacBeth (1973) regressions of monthly excess returns the exposure to new technology has a positive statistically significant loading. I further show that the results are driven by risk-return trade-off.