More than any other sector, the technology sector makes up 28% of the S&P 500 Index. The tech industry is heavier than both the consumer discretionary and healthcare industries put together. Since their IPOs, the majority of these tech companies have seen their values significantly increase. At the time of its IPO in 2010, Tesla, Inc. had a market cap of about $2 billion. It has multiplied since then and now totals more than $900 billion.
Insider Monkey discussed the 12 best new tech stocks to buy now. A Tokyo-based software development business called HeartCore Enterprises, Inc. offers customer experience software to clients all over the world. The business is also enlarging its reach after acquiring a 51 percent majority ownership in Sigmaways, a privately held provider of software engineering services. Udemy, Inc. has been chosen by Cantor Fitzgerald as a Top Pick, and the company’s target price of $20 and Overweight rating have not changed. With over 54 million subscribers, the corporation says it offers over 200,000 courses. On August 31, Credo Technology Group Holding Ltd released its Q1 FY23 results. Revenue reached $46.5 million, above analysts’ expectations of $45.7 million by 333.8% YoY. The business is regarded as a pioneer in the Serializer-Deserializer field. With its multi-cloud infrastructure automation technologies, San Francisco-based HashiCorp, Inc. assists businesses in managing their infrastructure in the cloud. The company’s portfolio includes both open source and paid services. The developer of robotic process automation software is UiPath Inc. UiPath announced revenue of $242.2 million for the second quarter of 2022, exceeding the consensus revenue estimate of $230.7 million. Analysts think that the company’s efforts to reposition itself will aid in its financial success. For more details, click the 12 Best New Tech Stocks To Buy Now.