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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

R. Kiyosaki says ‘fake cash, stocks and bonds are toast’, recommends to buy BitcoinThe ongoing broader market volatility has left investors grappling to identify the right assets to invest in even as the... Continue reading
Source: CryptoPanicCom - 🏆 563. / 51 Read more »

Former SharedLabs CEO Jason Cory pleads guilty to tax evasion - Jacksonville Business JournalThe plea comes more than two years after he was forced out of his company amidst an FBI investigation.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Peloton is undergoing another round of layoffs to 'save' the company | CNN BusinessPeloton is undergoing another round of layoffs — its fourth this year — with about 500 jobs being eliminated, as the troubled exercise company looks to cut costs to improve its bottom line.
Source: cnni - 🏆 326. / 59 Read more »