These tech stocks are long-term winners and every investor should consider buying them.
Inflation is running higher than it has in 40 years, national average gas prices just broke through to record highs, and Russia’s invasion of Ukraine is roiling commodities markets. Tech stocks have been slammed recently which is bad but it is also good news for tech investors, there are suddenly some opportunities. These technology stocks, with their solid fundamentals, allow tech investors to hedge their funds from any economic downturn. All in all, if you are keen on investing in tech stocks, be sure to check out these top tech stocks in the stock market today.
Analytics Insight provides a list of the top five tech stocks, according to Yahoo Finance.
Current Price: US$3,295.47
Market Cap: US$1.677 Trillion
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
Current Price: US$2,830.43
Market Cap: US$1.87 Trillion
Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, Google Maps, Google Play, Search, and YouTube; subscription-based products; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in-app purchases and digital content.
Current Price: US$51.83
Market Cap: US$211.052 billion
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.
Electronic Arts Inc.
Current Price: US$127.32
Market Cap: US$35.805 billion
Electronic Arts Inc. develops, markets, publishes and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and Plants vs. Zombies brands; and license games from others, including FIFA, Madden NFL, UFC, NHL, Formula 1, and Star Wars brands.
Meta Platforms, Inc.
Current Price: US$221.82
Market Cap: US$603.781 billion
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment’s products include Facebook, which enables people to share, discover, and connect with interests.