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3 struggling tech stocks to buy for the long haul

Tech stocks buying can be a profitable way to grow your wealth, especially in 2023. When considering buying and holding tech stocks, it’s important to research the overall financial health of the company before investing. Some technology stocks have made significant gains in recent years. This makes it an attractive choice for long-term investors.

Additionally, tech companies often come up with innovative new tech products that fuel their growth. Although tech stocks can be risky investments, the potential rewards are worth considering.

Investing in tech stocks is a great way to diversify an overall portfolio. And shouldn’t be overlooked when deciding where to put your money. Buy-and-hold tech stocks can also be less risky than traditional tech investments. They don’t force investors to make quick decisions based on ever-changing technology trends. As such, taking the time to pick tech stocks that meet specific criteria can lead to long-term success.

Bear markets are a great time to invest if you’re looking for tech stocks to buy and hold. On this list of tech stocks, the focus is on companies that have seen their stock prices deteriorate in recent months. This represents an excellent opportunity for long-term investors. For tech-savvy investors willing to make well-informed bets on tech stocks, now is a great time to deploy capital.

Teleprinter Company Price
PLTR Palantir Technologies $6.96
NVDA Nvidia Corp. $168.99
CSCO Cisco Systems $48.88

Palantir Technologies (PLTR)

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Palantize (NYSE:PLTR) is one of the fastest growing technology companies in the world today. Palantir’s big data analytics have been essential in helping organizations make decisions based on real-time intelligence and streamline operations. Using machine learning algorithms, users can navigate massive databases and uncover actionable insights that would have been impossible without such technology. As one of the top buy-and-hold tech stocks, Palantir is poised to revolutionize the way data is used for business operations.

Palantir provides platforms for government agencies and businesses. Gotham, designed for government customers, and Foundry, aimed at enterprises, use new information-gathering methods to compile data loads. By connecting to its Apollo platform, Palantir can provide continuous updates on Gotham and Foundry. This ensures that the software is always up to date with the latest user preferences and technologies.

Gotham, developed by Palantir Technologies, is an impressive feat of software engineering. And it’s no surprise that the US military and various government agencies trust it to help them with their missions. From help locate Osama bin Laden in 2011 to help Immigration and Customs Enforcement, or ICE, with follow-up, Gotham has proven effective in security operations. Palantir plans to expand Gotham’s range of applications even further, convinced that its software will run most US government data stores one day.

Palantir is also seeing its business revenue grow by leaps and bounds. Commercial revenue in the United States increased by 53% year-over-year, with customer count jumping 66% year-over-year and 11% sequentially.

More recently, the company formed a strategic partnership with Cloudy (NYSE:REPORT) and impressed everyone at the Consumer Electronics Show (CES). Under these circumstances, you can’t ignore Palantir when looking for tech stocks to buy and hold.

Nvidia Corp. (NVDA)

Close up of mobile phone screen with nvidia corporation logo on computer keyboard.  NVDA stock.

Source: Shutterstock

Nvidia (NASDAQ:NVDA) is a great choice for tech stock investors looking to buy and hold. Founded in 1993, Nvidia designs and markets high-end graphics chips and video processing units. These are used in technological gadgets such as PCs, workstations and game servers. Given its reputation for quality tech products, it remains one of the most trusted tech stocks. Thus, Nvidia’s ongoing commitment to innovation makes it an incredibly attractive asset for tech-savvy investors looking for a profitable long-term commitment.

Nvidia’s tech stock has become a hot commodity due to its momentum in data center sales, particularly with its Hopper-based graphics processing units. As more and more investors join in the excitement, they now have their eyes on Nvidia’s plans to expand into the CPU market with its Grace series offering. As investors see positive signs in the success and upcoming expansion of Nvidia’s data center, it looks like buy-and-hold tech stocks could include adding some Nvidia power to long-term portfolios. term.

Over the past year, Nvidia has experienced a significant deceleration in growth amid various economic constraints. These issues have led to a significant decline in product sales in its key markets, such as gaming, data center and artificial intelligence. Fortunately, despite this slowdown, there is a potential indication that this slowdown may be starting to level off. This stabilization of its operations could lead Nvidia to increase its already impressive revenue and help drive more success in the market.

Cisco Systems (CSCO)

the Cisco (CSCO) logo on a wall

Source: Valeriya Zankovitch / Shutterstock.com

Tech stocks leading the way in major markets, Cisco (NASDAQ:CSCO) is a great stock to buy and hold. Its networking, cloud and cybersecurity solutions offer powerful technology capabilities and a solid foundation for long-term investments. Despite some short-term challenges, such as component shortages, Cisco’s strength has been further enhanced by each new Wi-Fi 6 upgrade cycle and 5G expansion worldwide, all of which are increasing. its demand in technology industries. With Cisco, technology investors will undoubtedly derive maximum profit potential from their portfolio.

With its strong balance sheet and extensive market presence, Cisco is a technology stock to buy and hold. The business should benefit from the increase in bandwidth consumption as well as the demand for data center solutions. This even opened up potential opportunities for targeted acquisitions to further support the organic growth of their operations. As technology paradigms continue to evolve, Cisco seems poised to stay on top.

Cisco offers a solid option for investors looking for steady, slow, steady growth. With a low price and strong dividend payouts, this tech giant is attractive to those looking for reliable returns but don’t want to risk it all on a volatile stock. Overall, people saw Cisco as a great choice when they were happy to give up the potential for explosive growth opportunities in favor of reliable investments and stability.

At the date of publication, Faizan Farooque did not hold (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.

Faizan Farooque is a contributing author for InvestorPlace.com and many other financial sites. Faizan has several years of experience in stock market analysis and was a former data reporter at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions about their portfolio.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
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