Technology is the glue that holds governments and companies together to operate according to modern norms. It enables them to interact and work in ways that were unimaginable just a few decades ago. According to former Prime Minister Tony Blair, today’s technology sector is the backbone of the modern world. Semiconductors are a collection of circuits that combine in the billions to produce a processor or other electronic device like a modem in today’s world. This data is then used by the program to perform computations quickly and allow users to study data and interact over thousands of miles in real time. Cloud computing, artificial intelligence, and big data are three growing technology growth domains. The United Nations Conference on Trade and Development has identified 11 new technologies projected to significantly impact the sector. According to the agency, these technologies are expected to expand in value from $350 billion in 2018 to $3.2 trillion by 2025.
Here is Insider Monkey’s list of 12 best big tech stocks to buy right now. TSMC (Taiwan Semiconductor Manufacturing Corporation Limited) is a technology company located in the center of Taiwan. It is in charge of producing semiconductors, used in almost every technology product or device on the market today. TSMC was held by 64 of the 873 hedge funds assessed by Insider Monkey. After the ongoing pandemic, Peloton Interactive, Inc. rose to the technology industry’s top. Through its applications, the company allows customers to workout remotely from the comfort of their own homes while also providing a community-like experience. QUALCOMM Incorporated is one of the world’s largest chip manufacturers. The corporation is at the center of the Android smartphone ecosystem and new technologies, including 5G cellular networks, the internet of things (IoT), and linked cars. Intel Corporation invented the metal oxide semiconductor field-effect transistor. The firm is the largest chip provider globally, and its products are used in the booming data center and cloud computing markets. NVIDIA Corporation was a forerunner in the development of what is now known as a graphics processing unit. As a result, the company is now focusing on machine learning and artificial intelligence. The firm has developed a virtual platform on which large corporations can test their ideas. For more details, click 12 Best Big Tech Stocks To Buy Right Now.