ASML - 3 Unstoppable Tech Stocks to Buy Without Any Hesitation
2024-06-26 07:45:00 ET
Tech stocks are hot right now. The S&P 500 is near its all-time high and megacap tech stocks dominate the index. Additionally, the Nasdaq-100 Technology Sector Index is just days away from its all-time high. Any way you look at it, it's a good time to be a tech investor.
This party won't last forever, though, and a pullback in tech stocks is inevitable at some point. This is why it's a smart strategy to identify the strongest businesses in the sector and put some investment dollars into them. Every stock slides at some point, but the stronger the underlying business, the quicker the recovery should be. With that in mind, here are three tech stocks you can buy without hesitation.
Dutch manufacturer ASML (NASDAQ: ASML) builds the lithography machines that are necessary to manufacture semiconductor chips. These machines cost hundreds of millions of dollars apiece and are the size of large shipping containers. For the most cutting-edge chip manufacturing, extreme ultraviolet lithography machines are necessary, and ASML is the only company in the world capable of supplying them.
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3 Unstoppable Tech Stocks to Buy Without Any Hesitation