Technology has become an essential factor for our future. And it’s no surprise that investors are hungry to get in on the action, with many traders looking at tech stocks as a way to make their mark and go from rags to riches within one lifetime! The tech sector is a great place to invest but it is definitely not for the faint of heart. High risk, high reward as the old adage goes. Here are my favorite tech stocks as a tech rookie. I also wrote about starting a business with no money a few days ago.
There’s no doubt that technology has had a significant impact on the trading world. From algorithmic trading to mobile trading, technology has made it easier than ever for traders to execute their Strategies. And with so many tech stocks available, it can be tough to know which ones are the best ones to buy. In this blog post, we’ll take a look at some of the top tech stocks and discuss why they might be worth investing in.
NVIDIA (NVDA)
NVIDIA is a leading innovator in the field of high-tech graphics processing (GPU). Gaming, professional visualization, data center, and automobile are some of their commercial interests. NVIDIA created Omniverse, the Metaverse’s building pieces, NVIDIA’s technology gave it a huge edge in the Metaverse.
It’s no secret that it’s one of our top stocks to buy because of its world-changing accomplishments. We believe NVIDIA’s robust growth will continue, and we believe it will soon hit its trillion-dollar market cap, thus we’re investing in NVDA stocks for the long run. Take a look at one of the laptops I use, lightning-fast and tech rookie friendly.
Apple (AAPL)
Apple is one of the most well-known technology companies on the entire planet. The Macintosh, iPhone, iPad, Apple TV, iOS, and many more products are among its innovations. It is the first US tech business to attain a trillion-dollar valuation (now it has more than 2 trillion)
The S&P 500, NASDAQ 100, and Dow Jones 30 are the three major US stock indexes. It is one of the world’s most inventive businesses. By 2024, it intends to launch its electric vehicle project. Is it going to be iCar?
Because AAPL is one of the most actively traded companies on the market, traders and investors will have several opportunities to long or short the company whenever the situation warrants.
Google (Googl)
Alphabet has not been immune to the market’s volatility, but that doesn’t mean it isn’t still one of the best stocks to purchase. At the end of the day, this is still a fantastic stock selection, with a TipRanks analyst consensus of “strong buy.” “AMZN and GOOGL appear to have spent the most in AI skills and have the Big Data access and Compute Power infrastructure to profit the most from AI and ML breakthroughs. And Google has another arrow in its quiver: Waymo, its self-driving vehicle division. Alphabet said that Waymo had driven a total of 10 million miles autonomously. GOOGL looks to be in a very advantageous position and a solid pick for tech rookies. I mentioned one of Google’s phones in one of my previous articles.
Advanced Micro Devices (AMD)
AMD is a company that develops high-performance computing, graphics, and visualization technology. It is consistently one of the best-performing chipmaker stocks. The company’s market capitalization exceeds $179 billion. AMD competes with Intel and NVIDIA.
AMD’s investor presentation is motivational. With a $79 billion Total Addressable Market, they are focused on the next five years of adventure and leadership in major and developing markets (TAM). AMD’s expansion in the data center, personal computing, and gaming industries continues.
Earnings are expected to rise 15.78 percent each year. We want to keep an eye on AMD stock, especially in 2022. When invested at its current price of 148, there is potential for an 8% gain.
Another strategy I personally use is holding only two ETFs i.e. ProShares UltraPro (TQQQ) and Vanguard Short-Term Inflation-Protected (TVIP) with a weighted ratio of 80% VTIP and 20% TQQQ for protection. By the way, Vanguard has some awesome ETFs that are Tech Rookies friendly.
Also, check out Webull and get 3 free stocks after it’s funded. Pretty decent brokerage for Tech Rookies.
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Disclaimer: This article is for information purposes and should not be considered professional investment advice. It contains some forward-looking statements that should not be taken as indicators of future performance. Every investor has a different risk profile and goals. All investments have risks. Always do your own research or hire an expert before investing and trading in the stock market.
