3 Top Tech Stocks to Buy Right Now
Technology stocks have become an essential part of any diversified portfolio. They have performed so well that Warren Buffett, who avoided tech investing for the longest time, finally jumped on the bandwagon (Buffett held no technology-industry investments until 2010). Today, Apple is the largest holding in the Berkshire Hathaway portfolio.
Contrary to popular belief, not all tech stocks support pricey valuations. Stocks such as AT&T (NYSE: T), International Business Machines (NYSE: IBM), and Qualcomm (NASDAQ: QCOM) offer bright prospects while still remaining relatively affordable. Let's take a closer look at these three companies.
At first glance, AT&T may look like an unfocused company with massive debt and an unaffordable dividend. In the previous decade, the telecommunications giant spent heavily to buy DirecTV and what became WarnerMedia. It has also invested tens of billions of dollars to build a nationwide 5G network. This has left it with almost $153.4 billion in debt to manage. Consequently, AT&T has struggled to grow its share price.
Source Fool.com
