By Michael Dubois, Head of Corporate at VG Global Holdings
The technology sector has always shown resilience and continues to offer massive upside potential due to the nature of business and commerce, where every company is constantly trying to upgrade and improve their technology in order to maximise profitability and improve efficiency.
I have for you 3 tech stocks which are well positioned right now to give positive returns to investors in the near future, and I have made sure that the companies that I have picked are industry leaders which have less risk associated with their stock than other smaller companies.
Meta Platforms Inc. (META)
With a market cap of $812 billion and a 10-year trailing return of 20.5%, the company formerly known as Facebook is now named Meta Platforms to emphasize its embrace of the so-called metaverse. Before its name change, META had accumulated a market capitalization of over $1 trillion, built on the success of the Facebook social network and wildly popular subsidiaries like Instagram and WhatsApp, and it is now attempting to pivot its business toward other Web3 technologies and away from massive controversies surrounding the Facebook social network.
Taiwan Semiconductor Manufacturing Company (TSM)
Taiwan Semiconductor Manufacturing Company could be the biggest tech company you’ve never heard of, but it is the world’s largest independent manufacturer of semiconductor chips and makes more than 11,000 products. The company’s shares trade on both New York and Taiwan stock exchanges, and it has a market cap of $443 billion, a dividend yield of 2.0%, and a 10-year average annualized return of 20.6%
Tencent Holdings (TCEHY)
Tencent is a Chinese titan and industry leader, technically a conglomerate best known for owning instant messaging app QQ and social media site WeChat, the world’s third largest social network, with more than 900 million daily active users. It also owns a large stake in Epic Games — the makers of the wildly popular game Fortnite – and it has a market cap of $372 billion, with a 10-year average annualized return of 15.1%
The author does not own any stock, option or similar derivative position in any of the companies mentioned, and has no plans to initiate any such positions within the next 72 hours. This article only reflect the author’s own opinions. The author is not receiving compensation for it and has no business relationship with any company whose stock is mentioned in this article.
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