The best tech stocks to buy come from firms that are building the future. Fast-growing technology stocks can send portfolios into overdrive, whether they create sleek mobile gadgets you can’t live without or develop indispensable digital services.
We will profile and discuss the top 10 Tech Stocks to buy for long-term gain to assist you in taking advantage of the enormous possibilities in technology stocks.
What are tech stocks?
Any stock involved in the technology sector is referred to as a “tech stock,” including semiconductor producers and software providers. Tech stocks often serve as a leading indicator for the economy and stock market.
Below are the top 10 Tech Stocks to consider buying for long-term gain
1. Microsoft Corporation (NASDAQ: MSFT)
Microsoft Corporation (NASDAQ: MSFT) is one of the best tech stocks to buy for long-term gain. It creates, licenses, and offers global support for software, services, hardware, and other solutions. To move the exchange data platform into the cloud, Microsoft and the London Stock Exchange Group signed a ten-year business agreement on December 12. According to the agreement, the tech company will facilitate the digital transformation of LSEG’s technology infrastructure and Refinitiv platforms onto the Microsoft Cloud in return for acquiring a 4% equity stake in the financial company that controls the London Stock Exchange.
2. Visa Inc. (NYSE: V)
Visa Inc. (NYSE: V) is a global payments technology company and one of the top tech stocks to buy for long-term gain. On October 20, Current, a prominent US financial technology platform, announced that it has moved to the Visa DPS Forward Platform, a digital issuer processing platform built with REST APIs and created to integrate with modern, digital banking cores to create unique card programs and payment solutions, with seamless migration of more than four million accounts. The migration underscores the relevance of the firm, one of the leading payments giants, to new businesses in an era marked by speculation around cryptocurrencies and other digital assets.
3. Mastercard Incorporated (NYSE: MA)
Mastercard Incorporated (NYSE: MA) is a technology company offering transaction processing and other payment-related products and services. Marqeta, a card issuing platform, on December 7, announced that it has integrated with Mastercard’s Track Instant Pay, a virtual card solution that allows instant payment of supplier invoices through machine learning and a straight-through process. The integration shows how important innovation is to the company while preserving its strong business reputation, allowing it to increase dividend payments to stockholders over the past eleven years.
4. Apple Inc. (NASDAQ: AAPL)
Apple Inc. (NASDAQ: AAPL) designs, creates, and markets
personal computers, smartphones, tablets, accessories, and wearables. Apple is one of the largest companies in the world and has built a brand that is well-known and owned by billions of people around the world. The firm has increased revenues even in a macro slowdown and has the trust of legendary value investors like Warren Buffett. The big correction in the stock price due to recession fears has also made the risk/reward profile of the shares more balanced in the past few months, and as the market recovers, the shares seem primed for an upside.
5. PayPal Holdings, Inc. (NASDAQ: PYPL)
PayPal Holdings, Inc. (NASDAQ: PYPL) runs a technology platform that permits digital payments on behalf of merchants and consumers worldwide. The firm has demonstrated over the last few months that its free cash flows can withstand recession pressures. This makes the stock ideal for tech stocks to buy for long-term holding, as it has many avenues for growth in the digital space, which, when combined with recession resilience, results in a very balanced growth and value profile.
6. Salesforce, Inc. (NYSE: CRM)
Salesforce, Inc. (NYSE: CRM) offers customer relationship management technology that connects companies and clients worldwide. On September 21, Salesforce unveiled its real-time platform Genie, a hyper-scale real-time data platform that powers the entire Salesforce Customer 360 platform. With this platform, all companies can turn data into delivering seamless, customer magic, across sales, highly personalized experiences, marketing, service, and commerce. The company is firmly committed to a strategy focused on delivering growth while maintaining
expand operating margins.
7. ServiceNow, Inc. (NYSE: NOW)
ServiceNow, Inc. (NYSE: NOW) offers enterprise cloud computing solutions that define, structure, consolidate, manage, and automate services for enterprises globally. On October 5, ServiceNow announced it would buy Era Software, an observability and log management innovator. The firm said that customers could compile actionable insights that deliver value across the business within a single solution designed purposely for the era of digital business. The purchase shows the growth momentum in the software sector, demonstrating it can withstand macro pressures this year. As more businesses go digital, the company can expect to grow significantly in the future.
8. NVIDIA Corporation (NASDAQ: NVDA)
NVIDIA Corporation (NASDAQ: NVDA) offers computing, graphics, and networking solutions. On November 16, NVIDIA signed a multi-year partnership with Microsoft to create a supercomputer powered by Microsoft Azure’s advanced supercomputing infrastructure. This might be one of the world’s most powerful cloud-based artificial intelligence supercomputers. NVIDIA chips are regarded as the most advanced worldwide and are especially well-known among gaming enthusiasts. This niche has helped the firm build a stable foundation, which it now uses to expand into new spaces in the tech industry.
9. Tesla, Inc. (NASDAQ: TSLA)
Tesla, Inc. (NASDAQ: TSLA) designs, develops, produces, rents, and sells energy generation, electric vehicles, and storage systems. On September 30, Tesla launched the prototype of its humanoid robot called Dubbed Optimus. This launch has set a mark on using artificial intelligence to transform the future of physical work. The company said that the robot is operating on its Self-Driving computer. Over the years, the company has distinguished itself in the electric vehicle space by using innovative software that competitors always lack. The foray into robotics highlights the company’s innovation-driven values, which have contributed to its strong profile in the EV space.
10. Micron Technology, Inc. (NASDAQ: MU)
Micron Technology, Inc. (NASDAQ: MU) designs, produces and sells memory and storage products worldwide. On December 5, Micron Technology announced that the market acceptance of its low-power double data rate 5X (LPDDR5X) mobile memory chip for Qualcomm Technologies’ most recent mobile platform for flagship smartphones has increased. The smartphone business is one of the biggest businesses in the world. Billions of smartphone users increasingly depend on these devices for everyday activities. In the long run, Micron, whose chips power these phones, has a steady avenue of growth in the smartphone space for a long term.