Investing in tech stocks can lead to impressive gains, but not all will continue to soar. Focus on companies benefitting from trends like AI. Micron Technology, a key memory supplier for AI companies, saw revenue rise 57% and non-GAAP earnings per share increase 167% in the first quarter.
Alphabet’s Google Gemini is gaining ground with over 650 million monthly active users and a collaboration with Apple for Siri. Alphabet’s sales increased 16% to $102 billion and non-GAAP earnings per share rose 35% in the third quarter. Gemini’s expansion could mean more growth for Alphabet.
Taiwan Semiconductor (TSMC) dominates AI semiconductor manufacturing with a 90% market share. Sales rose nearly 26% to $33.7 billion in the first quarter, benefiting from the surge in AI spending. TSMC, along with Micron and Alphabet, are positioned to benefit from the AI trend for years to come.
Read more at Yahoo Finance: 3 Technology Stocks That Could Help Set You Up for Life
