"Many growth investors love tech stocks because they're pinned to secular trends like cloud computing, quantum computing, AI, and semiconductors. These growth stories can last for decades, and the top stocks in those markets can generate massive gains. But as the market hovers near its all-time highs, investors might be reluctant to add more tech stocks to their portfolios. However, I believe these three resilient tech stocks -- Meta Platforms , AMD , and Strategy -- still have plenty of room to run"
"Meta continues to expand its advertising ecosystem with its new AI-driven ad targeting algorithms, and it's keeping up with ByteDance's TikTok with Reels. The robust growth of its high-margin advertising business gives it plenty of room to expand its unprofitable Reality Labs segment, which develops its augmented and virtual reality devices. From 2024 to 2027, analysts expect Meta's revenue and earnings per share (EPS) to grow at a CAGR of 16% and 13%, respectively."
"AMD is the world's second-largest producer of x86 CPUs and discrete GPUs. It trails behind Intel in the CPU market and Nvidia in the GPU market, but it's standing its ground against those market leaders. In the CPU market, AMD outsources its production to TSMC's foundries instead of manufacturing its like Intel. That partnership enabled it to produce smaller"
Tech stocks benefit from long-lived secular trends such as cloud computing, quantum computing, AI, and semiconductors, enabling durable growth opportunities. Meta Platforms operates the largest social app family with 3.48 billion daily active users and holds a near-duopoly with Google in digital advertising. Meta is expanding AI-driven ad targeting and Reels while using strong ad margins to support Reality Labs. Analysts project 2024–2027 revenue and EPS CAGRs of 16% and 13%. AMD is the world's second-largest producer of x86 CPUs and discrete GPUs, competing with Intel and Nvidia while outsourcing CPU production to TSMC foundries.
Read at The Motley Fool
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