From Nasdaq: 2024-06-02 04:15:00

The tech industry continues to see significant growth, with four of the top five most valuable companies in the world being tech companies, such as Microsoft, Apple, Nvidia, and Alphabet. The Nasdaq-100 Technology Sector has risen by 419% in the last decade, outperforming the S&P 500’s growth of 179%. The industry has made many millionaires and has potential in various markets like AI, autonomous vehicles, virtual reality, and cloud computing.

Nvidia, one of the headline-making tech companies, saw its stock price increase by 173% in the last year. In Q1 2025, the company’s revenue rose by 262%, with significant growth in the AI chip sales segment. The company’s gaming division also saw revenue growth, and it powers Tesla’s autonomous vehicles. Despite the soaring stock price, Nvidia remains an attractive investment with a PEG ratio below 1.

Microsoft has also gained attention from Wall Street and was an early investor in AI technology. The company integrated AI features across its products, such as Office and Azure, and introduced Copilot+ PCs with NPUs for AI tasks. Microsoft’s AI efforts boosted revenue in various segments, such as productivity and business processes, and intelligent cloud. The stock has seen significant growth over the last decade and has the potential to make more millionaires with its AI focus.

Investing $1,000 in Nvidia could lead to significant returns, but investors should also consider other stocks identified by The Motley Fool’s Stock Advisor analyst team. While Nvidia wasn’t on their list of top picks, the recommended stocks have the potential for high returns in the coming years. The Stock Advisor service has outperformed the S&P 500 since 2002, offering guidance on building a successful portfolio with regular updates and new stock picks each month.



Read more at Nasdaq: 2 Millionaire-Maker Technology Stocks | Nasdaq