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Tech stocks are unique in their ability to grow and turn a money-losing operation into a major cash flow. Technology is always in trend. Tech stocks have broken the barriers to traditional investment metrics like operating profits and price-to-earnings (P/E). Investors are keenly observing the tech market to make informed investment decisions.
These are the top 5 tech stocks that are considered trusted investments in the market, according to Yahoo Finance.
Price Today: $656.57
Market Cap: $632.49B
Tesla is one of the world's most trusted multinational companies. Based in California, Tesla's products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and other related services. Currently, the company is focusing on accelerating the world's transition to sustainable energy by providing electrically charged products.
Price Today: $214.86
Market Cap: $582.81B
Also known as Alibaba Group and Alibaba.com, it is a Chinese multinational company that specializes in retail, commerce, internet, and technology. Alibaba recently has made headlines for outperforming all the other tech stocks.
Price Today: $762.29
Market Cap: $474.91B
It is an American multinational tech company based in California. NVIDIA prides itself as a major manufacturer of artificial intelligence chips, especially serving the gaming industry and the software developers. Recently, the company made news based on the strong growth prospects of the business.
Price Today: $288.12
Market Cap: $338.46B
PayPal Holdings is a leading online payments system, used in a majority of the countries that provide online payment facilities and money transfers. During the pandemic, the company witnessed a massive hike in its stock values as customers and several companies are looking for no-contact payment and heavily relied on virtual transactions.
Price Today: $241.84
Market Cap: $223.94B
Salesforce is a cloud-based software company headquartered in San Francisco. It provides customer relationship management services, along with a customary suite for business applications focusing on customer service, market automation, analytics, and application development.
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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.
