2 Top Tech Stocks to Buy in January

Plenty of technology companies saw solid growth in the past couple of years. Catalysts like strong spending on cloud infrastructure and services related to the growing adoption of artificial intelligence (AI) played a part, and there is a good chance that the trend will continue in 2025.

Global information technology (IT) spending is forecast to increase by 9.3% in 2025 (to $5.74 trillion) as compared to 2024's estimated increase of 7.2%, according to . The research company adds that software spending could increase at a faster pace of 14% this year to $1.23 trillion on the back of investments in AI-focused projects.

Meanwhile, the hardware side of the market is also set up for outstanding growth thanks to investments in AI servers and devices. Data center spending, for instance, is expected to jump by 15.5% this year, while spending on devices could accelerate to 9.5% from 6.2% in 2024.

Continue reading

Source Fool.com