in the mid-1990s,investers backed many ____ in hopes of making a huge profit.

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Automatic weapons

To find the missing word that completes the sentence, we can start by recognizing the context provided: the mid-1990s and investors seeking significant profits. In the mid-1990s, there was a notable investment craze known as the dot-com bubble, where investors heavily backed internet-based companies in hopes of making substantial profits. These companies were often referred to as "dot-coms." So, the missing word in the sentence is likely "dot-coms."