The two tech stocks discussed below offer significant upside potential beyond the usual tech giants.NVDA
As these industries expand, the demand for ON Semiconductor's products is expected to soar, driving the company’s revenue and profitability higher. According to AI-powered Fair Value models from InvestingPro, ON Semiconductor has an upside potential of +14.3%, making it a compelling investment opportunity. The company also boasts an above-average Financial Health Score, which highlights its solid balance sheet, consistent profitability, and strong cash flow generation.These attributes position ON Semiconductor as a resilient player in the tech sector, ready to capitalize on the accelerating demand for smart, connected technologies.
Jabil’s strategic investments in emerging technologies, such as additive manufacturing and IoT solutions, have further strengthened its competitive position, paving the way for continued success in the years to come.JBL stock ended Thursday’s session at $107.64, bouncing off a recent 52-week low of $95.85 reached on August 5. At current levels, the St. Petersburg, Florida-based electronics manufacturing services firm has a market cap of $12.2 billion. Shares are down 15.5% in 2024.
Their robust financial health and strategic focus on high-growth areas make them worthy of consideration beyond the more widely recognized tech names.via the SPDR® S&P 500 ETF, and the Invesco QQQ Trust ETF. I am also long on the Technology Select Sector SPDR ETF (NYSE:
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