If you are planning for investment, whether it is small or big, the best option you could pick is to bet it on tech stocks. While many sectors experienced a storm from the global pandemic, the technology sphere felt like a safe haven. Although people started confining themselves inside four pillars, technology went on a trip across the globe. Yes, the adoption of artificial intelligence and other technologies has drastically surged over the past one and a half years. Thanks to the sudden surge, the tech stock prices have also skyrocketed remarkably. Investors have different preferences when they pick top tech stocks to buy. Some prefer to invest in disruptive solution providers like AR/VR companies, while others might just go for software tech companies. In a nutshell, all these investment options are proving that tech stocks are emerging as investor's best choice. Top tech stocks to buy in 2021 prove that the market is expecting another boom in the upcoming days. In this article, Analytics Insight has listed the best tech stocks to buy, especially, for enthusiastic investors looking for companies that could help them climb the profit heap.
Zoom is a cloud-based video communications application that allows users to organize virtual meetings, audio meetings, webinars, live chats, screen-sharing, and other collaborative capabilities. Because of the lockdowns post the outbreak of the Covid-19 pandemic, many sectors including federal governments started using the video platform as a major source of communication. As a result, Zoom came out with a triple-digit-percentage sales growth in 2020. Although the ambitious US$1 trillion valuation needs serious efforts and improvement, enthusiasts opine that it would be quite easy for the company to achieve it by 2030 if it keeps up the growth pace.
PayPal is also an all-in-one payment solution that makes it easy for online sellers to reach millions of shoppers worldwide. Users can either sell or buy products and make online payments through the application. As a merchant, users can easily accept credit cards in their e-commerce store as well. Over the past year, PayPal stock has been on a tear due to people's interest in digital purchases and payment options. The company's stock has reported an 85% surge in year-over-year earnings last quarter.
Micron Technology is a semiconductor company that develops and manufactures memory and storage technologies used in personal computers, networks, data centers, and the automotive industry. Micron strongly competes with leading solution providers like Intel, Taiwan Semiconductor Manufacturing Company (TSM), and other chipmakers. Unfortunately, despite its profit spike, the company's stock prices are constantly falling. However, start investors predict that the demand in chip production will eventually pull up the company's stock price.
Sea Limited is an information technology company that offers online personal computer and mobile digital content, e-commerce, and payment platforms. Before entering the e-commerce market, Sea Limited performed as a gaming company under the name 'Garena.' It profits from the gaming division is currently triggering its performance in the e-commerce market. Owing to the support from diverse sources, the company is also seeing both profit and tech stock prices hike recently.
Auddia is a media company that uses disruptive technology to streamline audio solutions on radio, podcasts, and audio content through mobile and web apps. Recently, the company's shares went up by 26% after Auddia announced the release of its flagship Auddia app in the App Store ahead of schedule. Once the app becomes life, it is expected to draw more viewers, which could eventually raise its stock price.
Nintendo is an international leader in the interactive entertainment industry, and develops, produces and markets software and hardware. The company works to make its solutions fun for customers. Founded 130 years ago as a toy manufacturer, Nintendo evolved as a tech company that provides video games and others. Despite its 6% price drop in recent weeks, the company cheered its fans in the E3 video game showcase and was energized that it could perform well in the upcoming days.
Advanced Micro Devices is a global company that specializes in manufacturing semi-conductor devices used in computer processing. The company also produces flash memories, graphics processors, motherboard chipsets, and a variety of components used in consumer electronics goods. Similar to many tech stocks, AMD stock prices also see heavy volatility. At the beginning of the year, the company's stocks slumped nearly 20%, but recent developments show a 12% raise.
ASML (Advanced Semiconductor Materials Lithography) is one of the world's leading manufacturers of chip-making equipment. The company's star customers include Intel, who use ASML's machines in 'fabs,' microchip manufacturing plants to create microchips that are eventually used in many electronic devices, including smartphones, laptops, and much more. In the first half of 2021, the company's stock prices exploded by up to 46%.
Verizon Communications engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. The company's consumer segment provides consumer-focused wireless and wireline communication services and products, video, and data services. Verizon's stock is showing mixed performance since the beginning of 2021 compared to its competitors.
Elastic N.V. delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. The company primarily offers 'Elastic Stack,' a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. Elastic N.V is an interesting company for many tech investors. The way it raised the total addressable market (TAM) to US$78 billion in three years have impressed investors greatly.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.