2 Tech Stocks You Can Buy and Hold for the Next Decade
The ever-expanding and innovative nature of the tech market makes it an excellent place to find solid long-term investment options. Many tech companies have histories of delivering reliable financial growth, benefiting from consistent demand for upgraded products and software features.
Famous investors like Warren Buffett have massively profited from the sector's growth over the years. The stock portfolio of Buffett's conglomerate, Berkshire Hathaway, now has almost 50% of its value in tech stocks. Meanwhile, that portfolio has enjoyed a 9% compound annual return over the last 30 years, and is now valued at $346 billion.
Macroeconomic headwinds recently triggered a slight sell-off in the tech sector, as Wall Street is again growing increasingly concerned about the possibility that a U.S. recession may be coming. Despite their solid long-term outlooks, shares of Apple (NASDAQ: AAPL) and Advanced Micro Devices (NASDAQ: AMD) declined by 9% and 10%, respectively, since the start of August. Those dips present attractive buying opportunities for patient investors.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 85 Buy predictions and 2 Sell predictions.
With a target price of 175 € there is a hugely positive potential of 51.38% for Advanced Micro Devices Inc. compared to the current price of 115.6 €.
