Tech stocks have long been known for their consistent and significant gains over the years, with the Nasdaq-100 Technology Sector rising by 395% in the last decade. This growth is fueled by the ever-expanding demand for upgrades to hardware and software products, making it a lucrative sector for investors.
Investing mogul Warren Buffett’s Berkshire Hathaway has recognized the potential in tech stocks, allocating more than 40% of its portfolio to this sector. Berkshire’s holdings have seen a compound annual gain of nearly 20% between 1965 and 2023, showcasing the long-term profitability of investing in tech.
For those looking to make a sizable long-term investment in the high-growth tech sector, here are three stocks to consider putting $30,000 into right now – $10,000 for each.
1. Advanced Micro Devices (AMD)
AMD has experienced a remarkable turnaround in the last decade, with its Ryzen line of CPUs driving significant growth. The company’s market share has increased substantially, posing a challenge to industry giant Intel. With investments in AI and other tech areas, AMD is well-positioned for future growth.
2. Amazon (AMZN)
Amazon’s e-commerce dominance and Prime membership model have propelled its revenue and operating income to new heights. The company’s expansion into AI and cloud computing further solidifies its position in the tech industry, making it a compelling investment option.
3. Apple (AAPL)
Apple’s market cap and loyal user base make it a formidable player in the tech market. Despite recent revenue declines, the company’s strong free cash flow suggests it has the resources to bounce back. With a focus on AI and product innovation, Apple remains a solid investment choice.
While past performance is not indicative of future results, these three tech stocks have shown promising growth potential. Investing in them now could lead to significant gains over the next decade. Consider consulting with a financial advisor before making any investment decisions.
