Technology stocks are booming, and these four companies have staying power for years to come

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OPINION: “Four trends — automation, artificial intelligence (AI), cloud and cybersecurity — will continue to see robust demand in even the most challenging economic circumstances,” danielnewmanuv writes as he recommends stocks in those spaces.

Shares of technology companies from chip makers to FAANGs slumped for a third quarter at the end of September, as softer revenue, profit warnings and fading CEO confidence added to the doom.

The current state of play is complex. However, buying attractive assets during repressed markets presents a tremendous opportunity. And history also shows that bear markets tend to turn over once greater certainty about policy is evident, making times like now a potential profitable moment to get constructive and buy companies with excellent long-term prospects.

I believe four trends — automation, artificial intelligence , cloud and cybersecurity — will continue to see robust demand in even the most challenging economic circumstances. Investors ought to be playing the long game. Here’s a spotlight on four companies in those spaces. Analytics and AI For some, a Warren Buffett investment in a young company like Snowflake SNOW, -7.31% may be enough to lure investors. But the most compelling reason is that companies are pouring investments into intelligent analytics services that enable better business decision-making and support the delivery of better customer experiences.

 

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