The technology sector is composed of businesses that sell goods and services in electronics, software, computers, artificial intelligence, other industries related to IT. The sector includes companies with the largest market capitalizations in the world, such as Microsoft, Apple, Amazon, and others. Currently, tech stocks represent the majority of the stock market. Tech stocks witnessed an incredible streak entering into 2022. But a combination of several factors like high valuations, higher interest rate expectations, and the eruption of war between Russia and Ukraine sent the market crashing down. Currently, investors are keeping a very close eye on the marker. In this article, Analytics Insight enlists the top tech stocks that you can explore for your weekend investment plans.
Price today: US$22.21
Market cap: US$5.194 billion
Mandiant is a provider of cyber defense solutions. The company utilizes threat researchers, reverse engineers, intelligence analysts, and incident responders located in 26 countries. The company reported a rise in earnings since Q4 2021, resulting in an upsurge in its stock value.
Price today: US$47.84
Market cap: US$5.703 billion
CDK Global provides integrated data and technology solutions to the automotive, heavy truck, recreation, and heavy equipment industries. The company aids automotive dealerships and original equipment manufacturers (OEMs) to optimize and streamline their daily operations.
Price today: US$198.61
Market cap: US$10.483 billion
Concentrix is an American business services company specializing in customer engagement and business performance. The company is a subsidiary of SYNNEX Corporation since 2006 and became public as an independent company in 2020.
Price today: US$35.81
Market cap: US$39.269 billion
HP is a global provider of personal computing, imaging, and printing products and services. The company's offerings include desktop and notebook computers, workstations, retail point-of-sale systems, displays, printers, and tech support services. The company's customers include individual consumers, businesses, and governments.
Price today: US$74.75
Market cap: US$41.56 billion
Microchip Technology offers smart, connected, and secure embedded control solutions to rightly 122,000 customers across the industrial, automotive, consumer, aerospace, defense, communications, and computing markets.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.