12 Best Tech Stocks For Long Term Investment – Yahoo Finance
In this article, we discuss the 12 best tech stocks for long term investment. If you want to read about some more tech stocks for long term investment, go directly to 5 Best Tech Stocks For Long Term Investment.
In no era of human history have business and technology been so inextricably linked as they are in the present times. The significance of this can be gauged from a recent report that outlines the six trending industries in 2022. All of these overlap with the technology space. The industries include space tech, bio tech, neuro tech, robot tech, climate tech, and energy tech. These trends were witnessed despite a broad macro slowdown at the market which favored value stocks as investors reevaluate their risk profiles in light of recession fears.
According to analysts, the tech industry remains a robust choice for business growth and career advancement in 2022. As per a recent report, the information technology market grew from $8,384.32 billion in 2021 to $9,358.51 billion in 2022 at a compound annual growth rate of 11.6%. This growth came despite the pandemic, the Russia Ukraine war, and economic uncertainties. Looking forward into 2023, these growth trends are likely to accelerate as the economy recovers from a tumultuous 2022.
Investors should monitor long-term trends in the tech space, like the optimizing of IT systems for greater reliability, maintaining the value integrity of production AI systems and scaling vertical offerings, as well as the accelerating strategies to tap new virtual markets. Digital immune systems, applied observability, AI trust, risk and security management, industry clouds platform, platform engineering, wireless value realization, super apps, adaptive AI, metaverse, and sustainable technology are all also sectors investors should keep a close eye on.
Some of the top stocks in the tech sector for the long term include Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:FB). Analysts have urged leading technology providers to play a top role in helping enterprises use innovative technologies to slide through the current storms of disruption. The use of tech as a safe haven in times of recession, especially in the services sector, is also likely to rise in the coming years.
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Our Methodology
The companies that have long-term growth catalysts and operate in the tech sector were selected for the list. Special importance was assigned to …….