Tech stocks and the technology sector have lead the market for quite a while. While many received a black eye during the dot com bubble, a lot has changed. Some of the top tech stocks today involve multi-faceted business models. The FAANG stocks, for instance, are all engrossed in technology but they may not simply be considered as tech stocks only. Many of these companies have expanded into other areas of industry as well.
If you’re looking for tech stocks to buy but don’t know what FAANG means, let’s explain. FAANG stocks include tech stocks like Facebook, Amazon, Apple, Netflix, and Google. Coined early on during the tech stock boom. Some models also expand on FAANG stocks to include Microsoft as well. No matter the case, there are hundreds of tech stocks to watch each day. These companies have pushed the boundaries of what was initially thought to be possible in a virtual setting.
Why Tech Stocks?
On top of that, new innovations have lead to great changes to numerous industries outside of tech. If you look at communications stocks, for example, many will have some form of tech involved. Similarly, many tech stocks will have other applicable areas of interest. But if you’re looking for tech stocks to buy right now, you’ve got to have a good understanding of what you’re getting into. Technology is ever-changing. In light of this, there are plenty of emerging stage companies that can hit it big.
To think that tech stocks like Facebook were once trading under $20 is almost unheard of. But those are the facts. With the rate of change in technology and the myriad applications of technology, these stocks hold a standing edge in the stock market today for investors seeking “cutting edge” businesses. Higher risk can be something to consider but if you’re looking for higher volatility, tech stocks may be one of the equity classes to pay attention to. It’s one of the few places where a company is a start-up one day and soon after could be getting acquired for figures in the billions.
2 Top Tech Stocks To Buy In August 2020?
These top tech stocks are poised to benefit amid the increasing need for remote work and online learning.