SMCI - 2 Tech Stocks You Can Buy and Hold for the Next Decade
2024-07-20 09:19:00 ET
The Nasdaq-100 Technology Sector index has delivered impressive gains of 414% in the past decade, outperforming the S&P 500 index's gains of 185% by a huge margin. A key reason why technology stocks have outperformed the S&P 500 during this period is because of their ability to deliver impressive growth as they can capitalize on disruptive trends. This is precisely why it would be a good idea for investors to buy and hold top tech stocks for the long run.
Super Micro Computer (NASDAQ: SMCI) and Oracle (NYSE: ORCL) are two tech stocks that are benefiting from artificial intelligence (AI) , the latest disruption in the tech world that is impacting multiple industries and is expected to contribute significantly to the global economy.
Let's look at the reasons why buying and holding these tech stocks for the next decade could turn out to be a smart move.
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2 Tech Stocks You Can Buy and Hold for the Next Decade