2 Leading Tech Stocks to Buy in 2022 and Beyond
In both good times and bad, shoppers typically love a bargain -- except in the stock market. Investors tend to perceive discounted prices as a concerning sign for either stocks or the environment in which they operate.
But while the difficulties that led to the discounted prices are often real, traders can sometimes overreact in their efforts to sell, and that tendency can increase the potential for elevated returns when high-quality companies get oversold. The latest example of this involves growth tech stocks Qualcomm (NASDAQ: QCOM) and Shopify (NYSE: SHOP). The opportunities related to these two stocks in 2022 and beyond appear especially promising. Let me explain.
Qualcomm has led the market in smartphone chipsets since it oriented its company toward that business in 1998. In the 5G world, it continues to dominate the smartphone chipset market. Moreover, Grand View Research forecasted a 69% compound annual growth rate through 2028, virtually assuring Qualcomm will benefit from the upgrade cycle.
Source Fool.com
