One of the most popular stock market sectors is technology. Life has changed due to the consumer electronics industry’s explosive growth over the past ten years. As a result, there has been a lot of interest in the technology sector from both investors and businesspeople who are looking for innovations. According to IDC, the United States has the largest global market for technology. By 2022, the industry’s value will be $9.3 trillion, growing at a compound annual growth rate (CAGR) of 11.2%. The industry’s CAGR from 2022 to 2026 will be 10.3%.
Insider Monkey highlights the 10 best affordable tech stocks to invest in now. Contract chip manufacturer United Microelectronics Corporation is based in Taiwan. The business is in charge of producing semiconductors for other businesses on advanced process technology nodes. Particularly for established technologies that are underserved by cutting-edge chipmakers, their order backlog is substantial. Thoma Bravo intends to purchase Ping Identity Holding Corp. for $28.5 per share. More than half of the Fortune 500 corporations are clients of the business. With revenues of under $2 billion, its market has an addressable market size of $50 billion. High resolution Earth images and technology for usage by other satellite firms are both provided by Maxar Technologies Inc. The American government has been a client of the business for more than 20 years. This year, it will launch a new constellation of satellites alongside SpaceX to improve its imaging capabilities. A Chinese startup called Bilibili Inc. offers young people internet entertainment services. The company saw a 31% annual increase in the number of monthly active users. Additionally, it outperforms Netflix in important parameters like bounce rate and average time spent on site. A cloud-based search platform run by Yext, Inc. assists customers in making purchases. The company’s question-and-answer platform includes artificial intelligence. Its revenue is almost entirely recurring, two crucial factors that will favour an acquisition. For more details, click the 10 Best Affordable Tech Stocks To Invest In Now.