2 Millionaire-Maker Technology Stocks
Everyone loves investing in the hottest new technology. The problem is, investing in cutting-edge technology can be risky, as there is constant disruption peeking around the corner that could kill your business model. Just ask investors in software companies today how they feel about the risk of artificial intelligence (AI)-generated programing and what it could mean for their competition.
If you are going to invest in technology, you need to focus on finding companies with competitive advantages, or competitive moats around their operations. This can come in the form of economies of scale, a classic competitive advantage that can lead to durable leadership for a company in a sector. Here are two millionaire-maker technology stocks with wide economies of scale that should help them grow for years to come.
Everything that Amazon has done in the United States, Coupang (NYSE: CPNG) is replicating in South Korea. At least, that is what it can seem like sometimes when following the company. Coupang is an e-commerce marketplace in South Korea with first- and third-party sales, its own delivery and warehouse network, and a burgeoning advertising and streaming video operation.
Source Fool.com
