From Nasdaq:

In 2023, tech stocks experienced a significant turnaround, with the Nasdaq Composite outperforming the S&P 500 and Dow Jones, finishing the year up 43%. While many tech stocks are promising, three stand out for long-term investment potential: Taiwan Semiconductor Manufacturing Company, Microsoft, and CrowdStrike.

Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s largest semiconductor foundry, making chips for companies like Apple, Tesla, and Nvidia. The company’s bounceback in 2023 was driven by AI and expectations of growth in the smartphone and PC markets. TSMC’s chipmaking expertise sets it apart from other semiconductor companies, making it a strong long-term investment.

Microsoft, with a market cap of over $2.9 trillion, has seen significant growth across its various business segments, including the Intelligent Cloud segment with its cloud platform, Azure. Microsoft’s presence in numerous industries and balanced financials make it a solid tech giant with continued value for shareholders.

CrowdStrike, a pioneer in AI-native cybersecurity solutions, saw a 142% surge in 2023, reaching near its all-time peak. In the third quarter of its fiscal year 2024, the company made $786 million in revenue, with annual recurring revenue reaching $3.1 billion, indicating long-term financial health and customer retention. As an industry leader in cybersecurity, CrowdStrike looks like a long-term winner.

Investors seeking the best stocks for future returns should consider Stock Advisor’s top 10 picks, as they could produce substantial returns in the coming years. While Taiwan Semiconductor Manufacturing may not be on this list, it’s worth exploring other potential high-growth opportunities for investments.



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