Machine learning, artificial intelligence, virtual reality, blockchain, 5G… these are just some of the things that come to mind when we look at emerging modern technologies. The Fourth Industrial Revolution is certainly well underway. Staying up to date on the latest tech trends and inventions is absolutely critical for investors this year and moving forward.
Thinking of Investing in Technology?
If youâre interested investing in technology, look no further than our Tech Stocks hub page. Here we discuss how technology has not only opened new doors to investors, but also has increased the speed at which wealth is built.
Profit Trendsâ Energy Expert David Fessler says, âThe cloud just keeps getting bigger, and there are plenty of technology companies riding this gravy train. Medical technology is also growing rapidly. New software startups will be tomorrowâs public winners. Itâs one of my big focus areas for the next five years.â
Whether itâs renewable energy, infrastructure or medical technology, Fessler is always up to date on the latest and greatest technology trends. Sign up for Profit Trends below to stay in the loop.
Cloud Computing and AI Technology
Cloud computing offers opportunities for investments in an area that already accounts for âalmost 60% of total U.S. technology spending.â The technology allows companies to pay for software subscriptions and rent computer power online instead of trying to match it with their servers.
MoneyWeek projects big wins for the industry giants as multinationals âseek helpâ in moving their data across multiple clouds. However, smaller companies that can produce a dominant platform may deserve consideration as well.
Artificial intelligence may interest investors who want to know what to prioritize for investing. Googleâs parent company, Alphabet (Nasdaq: GOOGL), relies on it for âobvious applications like Google Assistantâ and auto-generating data that helps users write faster emails. Alphabetâs 26% year-over-year revenue growth in the second quarter exceeded expectations.
Technology Stocks to Invest In
- NetApp (Nasdaq: NTAP) develops cloud hardware that assists customers in building and running applications on Google Cloud with efficient capabilities. As a Fortune 500 company, NTAP provides cloud and data management services to more than 30 leading enterprises in the oil and gas industry, the life sciences field, and the media and entertainment field.
- Seagate Technology (Nasdaq: STX) provides cloud hardware as a U.S.-based data storage company. STX has earned a reputation as the âworldâs second-largest maker of hard disk drivesâ and other storage products. Some of the biggest names in cloud infrastructure appear on the companyâs client list, including Amazon, Google, Apple and Facebook. The increasing demand for cloud computing hardware may give investors some ideas for what to invest in in 2020.
- Splunk (Nasdaq: SPLK) âturns data into strategyâ by making it accessible to users within organizations. The SPLK software identifies data patterns, diagnoses problems and generates intelligence. The management of digital data creates a âtop priorityâ for enterprises that may accumulate 44 times more data in 2020 than in the past decade. The company experienced double-digit growth in 2018 as companies struggled to interpret massive amounts of data. Software as a service (SaaS) provides a specialty for companies that profit from the sale of cloud-based software. The Motley Fool cites two market-leading SaaS enterprises whose customer relationship or customer support platforms require payment of recurring fees.
- Salesforce.com (NYSE: CRM) experienced âextraordinary revenue growth,â with a climb of 25% in its most recently reported quarters year over year.
- Zendesk (NYSE: ZEN), a customer service platform, produced even better results, with a 39% climb during the same period. In the field of robotics, rapidly improving technologies provide opportunities for artificial intelligence companies and enterprises that focus on machine learning, the Internet of Things and semiconductors.
- Intuitive Surgical (NASDAQ: ISRG) developed the minimally invasive surgical robot da Vinci. The company saw remarkable 20% year-over-year revenue growth in Q2.
- iRobot (NASDAQ: IRBT) makes the product that investors may recognize as an innovation from the manufacturer of the Roomba robotic vacuum. The company performed a little better than Intuitive Surgical, with 24% growth during the same period.
Start Investing in Technology Today
A few hundred dollars invested in Amazon back in 1997 would have made you a millionaire today. Massive gains would have come from investments in Facebook, Microsoft and Intel as well. Whether you’re investing in technology or any other sector, it’s important to get started now.
As Bill Gates said, âInvesting in tomorrow’s technology today is more critical than ever.â Get started now by signing up for the free Profit Trends e-letter below.
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About Ben Broadwater
Ben Broadwater is the Director of Investment U. He has more than 15 years of content creation experience. He has worked and written for numerous companies in the financial publishing space, including Charles Street Research, The Oxford Club and now Investment U. When Ben isn’t busy running Investment U, you can usually find him with a pair of drumsticks or a guitar in his hand.
