5 Best Long-term Tech Stocks

Great money makers, the ones that grow substantial wealth, approach wealth creation with a long term horse. Because after all is said and done, true wealth dwells in the long term.

Over the years, the tech sector has demonstrated to be capable of creating wealth for the long term.
Stocks like Amazon’s has rallied greatly year after year for more than a decade now. Starting at $1.73 per share in 1997, Amazon’s stock is now worth over $3,000 per share after 23 years.

Tech stocks can bring mouthwatering returns over a long period of time and with better ways of tech stock valuation/analysis, picking a tech stock winner hasn’t been easier.

If you are looking to invest in tech stocks with huge growth potential, here are 5 long term tech stocks to consider buying now:

1. Zoom

Zoom Video Communications, Inc. provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

The company’s product portfolio includes Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables sharing messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers.

It also offers Zoom Rooms, a software-based conference room system; Zoom Conference Room Connector, a gateway for SIP/H.323 endpoints to join Zoom meetings; and Zoom Video Webinars enables users to conduct large-scale online events, such as town hall meetings, workshops, and marketing presentations.

In addition, the company provides Zoom for Developers that allows developers to integrate its video, phone, chat, and content sharing into other applications, as well as manages Zoom accounts; and Zoom App Marketplace enhance developers to publish their apps.

It serves education, entertainment/media, enterprise infrastructure, finance, government, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries, as well as individuals.

Zoom Video Communications, Inc. has partnership with ServiceNow.

The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. Zoom Video Communications, Inc. was founded in 2011 and is headquartered in San Jose, California.

2. Alphabet

Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

It offers performance and brand advertising services. The company operates through Google and Other Bets segments.

The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure. It also offers digital content, cloud services, hardware devices, and other miscellaneous products and services.

The Other Bets segment includes businesses, including Access, Calico, CapitalG, GV, Verily, Waymo, and X, as well as Internet and television services.

Alphabet Inc. was founded in 1998 and is headquartered in Mountain View, California.

3. NVidia

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor.

The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.

The Tegra Processor segment provides processors comprising SHIELD devices and services designed to harness the power of mobile-cloud to revolutionize home entertainment, AI, and gaming; AGX, a power-efficient AI computing platform for intelligent edge devices; DRIVE AGX for self-driving vehicles; Clara AGX for medical instruments; and Jetson AGX for robotics and other embedded use.

The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants.

NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.

4. Apple

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.

It also provides digital content stores and streaming services; AppleCare support services; and iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others.

In addition, the company offers various service, such as Apple Arcade, a game subscription service; Apple Card, a co-branded credit card; Apple News+, a subscription news and magazine service; and Apple Pay, a cashless payment service, as well as licenses its intellectual property, and provides other related services.

The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets.

It sells and delivers third-party applications for its products through the App Store, Mac App Store, and Watch App Store.

The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers.

Apple Inc. has a collaboration with Google to develop COVID-19 tracking system for Android and iOS devices.

Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.

5. Ericsson

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for service providers.

It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other.

• The Networks segment provides hardware, software, and related services for radio access and transport, as well as related services, such as design, tuning, network rollout, and customer support.
• The Digital Services segment offers products and services for operators in the areas of business support systems, operations support systems, cloud core, cloud communication, network functions virtualization, and cloud infrastructure, as well as consulting, learning, and testing services.
• The Managed Services segment provides networks and IT managed, network design and optimization, and application development and maintenance services to operators.
• The Emerging Business and Other segment consists of emerging businesses; iconectiv that offers software-based interconnection solutions; and Red Bee Media, which consists of technology enabled services to manage the play-out platform for broadcasters and content owners.

It operates in North America, Europe and Latin America, the Middle East and Africa, South East Asia, Oceania, India, North East Asia, and internationally.

The company was founded in 1876 and is headquartered in Stockholm, Sweden.