The Best Technology Stocks to Watch in 2023

VWB Blog 1 year ago 22

Are you on the lookout to invest in stocks that will appreciate in value over the next few months? Then you should consider stocks in technology companies.

Technology is something that is going to keep evolving in significance in our lives. That makes it a great long-term investment.

However, you need to pick companies that are poised to conquer their respective industries. If you can do that, then you will profit for years to come.

Here are some technology stocks to watch in 2023, and make sure you profit from these companies in the new year.

Amazon

Amazon has changed how consumers purchase goods and services, capitalized on cloud-based services, and entered the digital lifestyle. With its large market share, Amazon has a presence in multiple industries, including retail and online streaming.

Amazon has demonstrated success in developing new products and services, as well as introducing innovative technologies such as:

machine learning
artificial intelligence

Furthermore, Amazon is expanding into a variety of industries, including pharmaceuticals and healthcare.

Microsoft

Microsoft is one of the oldest and most well-known technology companies in the world, and with its strong products, it is also one of the top technology stocks to watch out for. Microsoft offers a variety of different products, such as the:

Windows operating system
Office suite
Azure cloud computing platform

Microsoft also has a strong organizational structure and is able to deliver its services quickly, making them a great option for investors. In 2023, with Microsoft pushing for more of its products to be used in the cloud, making the transition for companies to think about transitioning their physical products to a cloud-based model, Microsoft is well-positioned to capitalize on the changes that are upcoming.

Nvidia

Nvidia (NVDA) is one of the best technology stocks to watch in 2023. Nvidia Corporation is a company that primarily focuses on the design of graphics processors, chipsets, and systems on A-chip (SoC) products. As demand for their products increases, investing shows great promise for investors in 2023, as Nvidia is projected to have a record-breaking year.

Nvidia has also become a classic business story of a start-up that grew into a world-class leader. With the increased growth of cloud computing, there’s no doubt that Nvidia’s stock price is forecasted to increase further. Nvidia’s core mission of “Accelerating the Evolution of Visual Computing” is creating incredible opportunities for the company.

Adobe

Adobe is well-known for its great portfolio of software products and has become one of the go-to stocks for investors. The company is expected to keep growing and innovating, and its stock prices should see a healthy increase.

Adobe will continue to benefit from the growing demand for digital tools, and its ability to innovate will help it stay ahead of the competition. It will likely remain a powerful player in the technology sector in 2023, making it one of the best technology stocks to watch.

Salesforce.com

Salesforcecom is one of the best technology stocks to watch in the coming years. This is due to its continued growth, advanced product offerings, and exciting potential.

Salesforce.com is a leader in the cloud services and software markets and looks to be a key player in the future. They are actively long-term investing in new technologies and partnerships which will expand their product offerings and customer reach even further. 2023 looks to be the market for the company to break through and experience significant growth.

Apple

Apple has established itself as a top player in the stock market with a long history of innovation. Its products have become ubiquitous in households worldwide, such as:

iPhone
iPad
Mac computers

With its strong track record of success and expansive product lineup, Apple is an excellent choice for investors seeking exposure to the tech sector.

Intel

Intel is one of the top technology stocks to watch in 2023. Intel is a leader in the semiconductor industry, especially in the PC and data center computation space. Known for its high-performance processors, Intel offers some of the best products in:

cloud computing
artificial intelligence
gaming

Intel has also been expanding its platform to meet the needs of the new mobile-centric world with the following:

5G
edge computing
Wi-Fi 6 offerings

Intel’s financials have been good, with strong revenue and cash flow reports in the most recent quarter, and even more, gains are expected going into 2023.

Alibaba Group

The Alibaba Group is a powerhouse in the tech industry, so it’s no surprise that it is one of the best technology stocks to watch in 2023. With a vast empire of sub-industries spanning online payments, retail, entertainment, and more, Alibaba is a company with great potential for growth and profits in the coming years.

The addition of the Hong Kong Stock Exchange, a listing of $68 billion, has further bolstered the investing potential of the already impressive giant. With their commitment to innovation, massive global reach, and robust finances, the Alibaba Group is a stock to watch in the technology sector in 2023.

Tesla

The company has produced and sold popular electric cars, and is in high demand, while also investing in other green energy initiatives such as:

solar roofs
wind energy

Throughout 2020, Tesla’s stock has continued to grow and increase. Investors are flocking to buy up shares in this successful company.

Not only is Tesla a great stock to watch in 2023 due to its financial success, but it also is a leader in the field of renewable energy and sustainability, making it a great stock to watch as we look toward a greener future.

Spotify

Technology stocks are one of the hottest investments today, and Spotify (SPOT) is one of the best technology stocks to watch for in 2023. Spotify is the world’s leading online music streaming service, with over 320 million users worldwide.

Additionally, with the promise of deeper integrations with AI-powered technologies, Spotify could become a leader in the future of the music streaming industry. As such, the best technology stocks to watch in 2023 include Spotify, which can potentially bring huge profits to investors.

Meta Platforms

Meta Platforms has emerged as one of the best technology stocks to watch in 2023 due to its innovative content delivery and monetization approach. They are a leading provider of cutting-edge content and platform technology, offering the most current and reliable solutions to companies in the digital industry.

They had an estimated 18.8% market share of the global digital content and platform technology market in 2020. This number is expected to increase as the demand for advanced digital solutions grows.

Their Facebook platform enables companies to create a complete customer journey and manage customer relationships in one convenient location. Also, their API-driven integration platform allows digital services providers to quickly and efficiently build customer-friendly solutions.

As the demand for digital data solutions grows, Meta Platforms Facebook will make digital transformation more accessible and remain a dominant player in the market.

Mastercard

Its leadership in the payment and digital platform domains has enabled it to expand into numerous markets, making it the go-to provider for modern electronic payments. With the growing scale and depth of Mastercard’s payments platform, companies will be eager to join its network and capitalize on the growing demand for payment technology.

In addition, its acquisitions of Vocalink and Proactivenet, both of which focus on artificial intelligence, will enable Mastercard to offer data-driven insights to businesses. This will enable them to make more informed decisions.

PayPal

It has established a strong presence in the digital payments market, allowing consumers and businesses to securely and conveniently make purchases online, as well as to send money to their friends and family. It has become one of the go-to payment methods for e-commerce purchases, and its growing popularity shows no signs of slowing down.

Additionally, PayPal is constantly innovating, introducing new payment methods and integrations into social media apps, such as:

Apple Pay
Google Pay

In the coming years, PayPal is anticipated to continue its rapid growth in the digital payments space, making it an attractive stock for investors.

Cloudflare

Cloudflare has been making waves in the technology industry in the past few years. Its continued growth and success have made them one of the best technology stocks to watch in 2023. Cloudflare provides solutions for:

cloud computing
networking
security
content delivery

This is making them an attractive option for companies looking to protect their digital assets.

Additionally, Cloudflare has a strong amount of intellectual property, which makes it an important player when it comes to technology stocks. As the world increasingly moves to digital computing solutions, technologies such as Cloudflare will be essential for:

security
performance
stability

Investors seeking to earn above average returns on investment may use some helpful tools to help them. Stock picking services can save an investor countless hours searching for promising stocks to invest in.

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