The technology is one of those ever-growing branches of industry. Here, everything changes at a rapid rate and we can say that this sector is growing at an almost alarming rate. This is a great reason to invest in tech stocks, as companies are trying to innovate each day.
1. Nvidia (NVDA)
Nvidia is constantly pushing the boundaries of graphical performance. Their hard work always pays off and their future is at their all-time brighter. In computer graphics, this company owns a huge market share, thanks to the extraordinary value of their CUDA software. Analysts estimate that CUDA software is something that will drastically improve the graphics performance, as well as the AI, that Nvidia is working on.
2. Alphabet (GOOG)
Alphabet is one of the fiercest stocks out there. Although it’s not immune to the market’s volatility, this stock is a “Strong Buy”, with $1,346 average analyst price target. Since the company invests a lot into the AI, they have big data access and compute power infrastructure, which gives a significant boost.
Google also plans to put additional work into their self-driving car Waymo. Thanks to numerous innovations in the tech world, Alphabet is one of the best stocks in 2019.
3. Amazon (AMZN)
Amazon is one of the most-innovating companies out there. Their most recent expansion leaps into the interesting field of work – robotics. Amazon seems to be very good at leading robotics innovations, given their recent investments in Kiwa logistics robots. Amazon also works to improve the AI-powered voice recognition, allowing you to use internet apps commands more efficiently. The average analyst price target is $2,215.
4. Splunk (SPLK)
Splunk produces a plethora of software for monitoring, searching, and analyzing machine-generated chunks of data. Basically, they turn the machine data into answers. Their machine-learning system is one of the best out there, providing the Machine Learning Toolkit, a proprietary workbench for such systems. This stock comes with a “strong buy” ranking, with the average analyst price target of $155.