The best tech stocks come from companies that are building the future. Whether they manufacture sleek mobile devices or develop digital services, you can’t live without fast-growing technology stocks that can set portfolios into hyperdrive. These high-flying tech stocks have withstood market forces and have shown a promising future.
Owing to strategies, these companies stand as solid study models that are bolstered for the future since they are able to harness more growth as they exploit the rising trends in the market. In an environment of economic upward and with new technology firms taking the market by storm, investors are always turning towards IT stocks due to their flexible nature.
These organizations are the major technology pioneers, defining future technologies and incorporating them to create growth and value, such as artificial intelligence, cloud technologies, and biotechnology, among others.
In the following analysis of these 10 tech stocks, we will look into some of the causes of their good performance, the future prognosis, and other triggers that may lead to a further surge in performance in the following months. Whether startups or traditional players, they are built from the ground up to disrupt the existing economy, and bring in a new digital economy to investors’ investment portfolio. Let’s discuss the top 10 High-Flying Tech Stocks.
Here is the list of the high-flying tech stocks that help you to experience huge profits in your investments. Have a glance at this article before starting an investment.
Market Cap: US$3.1 trillion
Dividend Yield: 0.7%
10-Year Avg. Annualized Return: 28.3%
Microsoft was founded in 1975 by Bill Gates and Paul Allen in Albuquerque, N.M. The company revolutionized computing at the birth of the industry by making some of the first software that made personal computers available to ordinary individuals. MSFT developed by leaps and bounds in its early days—often in solid competition with Apple—and it’s proceeded to grow in more recent years, even after the exit of its founders.
Market Cap: US$3.0 trillion
Dividend Yield: 0.5%
10-Year Avg. Annualized Return: 25.3%
Apple was established in Los Altos, Calif., by Steve Jobs and Steve Wozniak in 1976. From humble beginnings in Jobs’ family garage, Apple has developed into the most important open company on earth by market capitalization.
In fact, it’s one of a small handful of companies that’s esteemed in trillions of dollars. That makes it so enormous it can be difficult to dodge when contributing. The company right now represents more than 6% of the S&P 500 by weight, meaning that just about any index fund you contribute to will possess shares in this tech giant.
Market Cap: US$3.0 trillion
Dividend Yield: 0.0%
10-Year Avg. Annualized Return: 74.8%
Nvidia was established in 1993 to deliver graphic cards for the burgeoning personal computer market. Almost 30 years on, the company remains a coordinates circuit maker, creating chips that support everything from computers to phones and game comforts. There’s a great chance the gadget you’re reading this article on right now utilizes an Nvidia chip—even if most Nvidia-powered smartphones are obsolete today.
Market Cap: US$2.2 trillion
Dividend Yield: 0.5%
10-Year Avg. Annualized Return: 20.1%
The best known as Google's parent company, Alphabet, was formed as part of a 2015 restructuring. Google, its crown jewel and predecessor, was established in 1998 in Menlo Park, Calif., as a venture driven by Sergey Brin and Larry Page at Stanford College. In the beginning, Google was a humble search engine, but nowadays, it and its parent company have developed to become online publicizing and web administration behemoths.
Alphabet’s other claim to acclaim is the scary amount of information it collects on clients. For clients who don’t select, Google gathers information on everything from who they are and where they go to what they like and what they do online.
Market Cap: US$724 billion
Dividend Yield: 1.5%
10-Year Avg. Annualized Return: 25.8%
Taiwan Semiconductor Manufacturing Company might be the most significant tech company you’ve never heard of. Established in 1987, Taiwan Semi is the world’s biggest independent manufacturer of semiconductor chips and makes more than 11,000 products. The company offers trading on the New York and Taiwan tech stock exchanges.
Market Cap: US$649 billion
Dividend Yield: 1.5%
10-Year Return: 38.1%
Headquartered in San Jose, Cali., Broadcom is one of the oldest and biggest semiconductor manufacturers. The company started as a division of Hewlett-Packard in 1961 and was spun off as Agilent Advances in 1999. The current company is the product of a 2016 merger between Broadcom Organization and Avago Technologies.
Today, Broadcom specializes in chips for wireless communications, advanced set-top boxes, and organizing equipment utilized in data centers and cloud computing. The company’s plans for future development are centered on artificial intelligence applications, SIP manufacturing, and cybersecurity.
Market Cap: US$464 billion
Dividend Yield: 0.9%
10-Year Avg. Annualized Return: 14.3%
Tencent is a Chinese holding company headquartered in Shenzhen. The company is technically a conglomerate, but it’s best known for owning instant messaging app QQ and social media site WeChat, the world’s third biggest social network, with more than 900 million daily dynamic clients. Tencent also claims a huge stake in North Carolina-based Epic Games, the producers of the fiercely prevalent amusement Fortnite. Its top tech stocks are on the Hong Kong and Nasdaq exchanges.
Market Cap: US$407 billion
Dividend Yield: 0.6%
10-Year Avg. Annualized Return: 29.4%
ASML is a Netherlands-based company that plans and makes the machinery utilized by microchip manufacturers. The company is a major provider to two other firms on our list, Taiwan Semiconductor and Samsung. In fact, ASML has a close monopoly on making the photolithography machines utilized by the worldwide semiconductor industry, giving it a vital role in the worldwide chip supply chain.
Market Cap: US$340 billion
Dividend Yield: 1.3%
10-Year Return: 13.1%
Oracle is a multinational program enterprise that specializes in database applications and cloud computing—established by Larry Ellison in 1977. Oracle is among the most incredible software engineers in the worldwide market. The company’s software and equipment applications have fueled the rise of the web for more than four decades.
Best stocks by one-year performance
Company Performance (Year)
Constellation Energy Corporation (CEG) 132.90%
WestRock Co (WRK) 97.35%
Western Digital Corp. (WDC) 94.10%
Trane Technologies plc (TT) 93.43%
Tesla and SpaceX have been Musk's best investments to date. But he's also done quite well with The Boring Company, which provides infrastructure and underground tunnel construction services. Musk invested around $100 million of his own money to get the company off the ground, as CNBC also reported.
New York Stock Exchange. The New York Stock Exchange (NYSE) is Established in 1792. The NYSE is the world's most valuable stock exchange by market capitalization and is found in New York City with companies representing many industries listed there.
Some experts consider the current price to undervalue the company. Analysts at investment research firm Morningstar see fair value for Tesla shares at $200, as of May 2024.
Barclays analyst Tom O'Malley raised his price target on Nvidia stock to 145 from a split-adjusted 120. He reiterated his overweight, or buy, rating on Nvidia. The price hike reflects Nvidia's incremental sales opportunity from sovereign nations buying its AI chips, O'Malley said in a client note.