Three tech stocks to consider beyond Nvidia: Taiwan Semiconductor Manufacturing, Meta Platforms, and Procore Technologies.

From Nasdaq: 2024-09-07 06:30:00

Artificial intelligence is a hot topic, but there are tech stocks beyond Nvidia to consider. Taiwan Semiconductor Manufacturing, Meta Platforms, and Procore Technologies offer growth and value. TSMC dominates chip production, Meta thrives in social media advertising, and Procore revolutionizes construction management software.

Taiwan Semiconductor Manufacturing leads in chip manufacturing, with cutting-edge technology like 3nm chips. Clients favor its efficient solutions for AI computing hardware. Expect 15-20% revenue growth and potential market outperformance. With shares down 10%, now is a prime buying opportunity.

Meta Platforms shines in social media advertising with impressive margins and revenue growth. Trading at a bargain compared to S&P 500, Meta’s potential is high. If its Reality Labs products succeed, investors could see significant gains and continued social media dominance.

Procore Technologies is transforming the construction industry with its software that streamlines operations. Despite being unprofitable, it shows growth potential with 24% year-over-year revenue growth. As it gains market share, Procore’s profitability could soar, rewarding shareholders in the future.



Read more at Nasdaq: 3 Tech Stocks to Buy Instead of Nvidia