Many parts of our daily lives are predicted to change as a result of technology. According to experts, technological improvements have enhanced productivity and efficiency in practically every facet of life, as well as the quality of life for humans. The list of investments to be made in the industry is topped by those in clean energy, transportation, and connectivity. As on September 26, 2022, the Nasdaq-100 index, which is highly skewed toward technology stocks, has fallen by almost 31%. Given the ambiguity, diversification among several businesses and industries may be a wise move. Long-term investors may have the chance to purchase reputable blue chip stocks.
Insider Monkey highlights the 10 Best Cheap Technology Stocks to Invest In. Since the start of the year, shares of International Business Machines Corporation have lost 8.2% of their value. Analysts have an average price objective of $143.03 for its shares, notwithstanding the current bearish trend. On the basis of the present share price, this would represent a potential gain of 17%. A multinational semiconductor business called Texas Instruments Incorporated develops, produces, evaluates, and markets analog and embedded processing chips. Customers employ its more than 80,000 items in a variety of industries, including automotive, communications equipment, personal electronics, and industrial systems. As of September 26, shares of Intel Corporation are down 46.56% year to date and trading at a forward P/E ratio of 10.44. Most analysts are optimistic about the chipmaker’s prospects, with average price targets of $37.80 for its shares. Leading wireless technology developer QUALCOMM, Inc. is the inspiration behind the creation, introduction, and growth of 5G technology. With shares down 33.73% from the year’s beginning, the company’s shares are among some of the worst-performing equities on the US market. Shares of Salesforce, Inc. have lost 42.15% of their value since the year’s commencement. The average price objective set by analysts for the company remains optimistic at $222.41. Applications for sales, support, marketing, and other functions are available on the company’s cloud-based platform. For more details, click the 10 Best Cheap Technology Stocks to Invest In.