2 Hypergrowth Tech Stocks to Buy in 2024 and Beyond
The tech market is rapidly expanding. The Nasdaq-100 Technology Sector is up 32% in the past 12 months, outperforming the S 500's growth of 24% in that period. The rise brings to mind the old proverb, "The best time to plant a tree was 20 years ago, but the second best time is now." The same sentiment applies to the stock market, especially tech stocks.
The tech industry has a reputation for delivering significant gains over the long term, benefiting from its innovative nature and consistent demand for upgraded products and software. Meanwhile, recent advances in markets such as artificial intelligence (AI), self-driving cars, and virtual/augmented (VR/AR) reality indicate the tech market is nowhere near hitting its ceiling. As a result, there's no time like the present to invest in tech.
Here are two hypergrowth tech stocks to buy in 2024 and beyond.
Source Fool.com
