3 Top Tech Stocks to Buy in August
While it's important for investors to keep a balanced portfolio, you can't afford to overlook tech stocks in this market. Tech stocks are the muscle behind U.S. markets these days, accounting for 34% of the makeup of the entire S 500. They are also outperformers, as the tech-heavy Nasdaq Composite is outperforming both the S 500 and the Dow Jones Industrial Average so far this year.
The lesson here? You need to have tech stocks in your portfolio if you want to outperform the market. Tech stocks are immensely popular these days as companies are racing to train large language models (LLMs) to customize their platforms with generative artificial intelligence (AI) offerings in order to roll out new services and customer experiences before their competitors.
The race to build AI products is far from over, and buying stocks that will be best positioned to capitalize on the trend is a smart way to invest right now. If you're looking for the best tech stocks for August, I'm recommending Nvidia (NASDAQ: NVDA), (NASDAQ: GOOG) (NASDAQ: GOOGL), and Taiwan Semiconductor Manufacturing (NYSE: TSM).
Source Fool.com
Alphabet Inc. A Stock
With 104 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
On the other hand, the target price of 201 € is below the current price of 212.25 € for Alphabet Inc. A, so the potential is actually -5.3%.
