Investors shifting focus to value and small-cap stocks, but tech companies still strong.

From Nasdaq Corporation

July 18, 2024 6:00 am:

Investors are rotating capital out of tech stocks into value and small-cap stocks, but this doesn’t mean the tech trade is over. Tech companies are key to innovation and growth, with strong financial results and market dominance. Here are seven tech stocks with longevity potential, including Super Micro Computer and MicroStrategy.

Super Micro Computer has been added to the Nasdaq 100 index, boosting its stock performance. MicroStrategy, known for enterprise software, has shifted focus to Bitcoin and blockchain technologies, with analysts predicting an 80% upside. Alphabet, a leader in AI, is expanding into cybersecurity with the planned acquisition of Wiz for $23 billion, following the purchase of Mandiant for $5.4 billion in 2022.

Dell Technologies holds a strong buy rating with a predicted 40% stock price increase. Apple has experienced a turnaround with the announcement of advanced AI technology for future iPhones, leading to increased sales projections. CrowdStrike is a cybersecurity stock leader, with a 143% stock increase in the past 12 months and strong financial results.

Adobe, known for design software, saw a 17% increase in stock price after beating Wall Street forecasts and raising full-year guidance. Despite concerns over AI competition, Adobe is integrating AI technology into its products, driving premium pricing. Analysts continue to see Adobe as a strong player in the tech sector.

Read more at Nasdaq: 7 Long-Term Tech Stocks for Extending Investment Horizons