2 Top Tech Stocks to Buy in August
Investors looking for lucrative opportunities in the stock market are looking in the right corner. Tech stocks have significantly outperformed the broader market in recent years. For example, the Technology Select Sector SPDR ETF has nearly doubled the return of the S&P 500 since 2019. Here are two stocks with near-term growth catalysts that you should buy right now.
Dell Technologies (NYSE: DELL) is widely known as a PC brand, but it's also a supplier of storage, networking, and artificial intelligence (AI) solutions for data centers. Strong demand for AI servers has fueled Dell's business this year and sent the stock to new highs. The momentum in Dell's server business makes the stock a compelling buy right now after the recent pullback.
Dell is still dependent on a sluggish PC market, where its client solutions group posted flat revenue growth in the fiscal first quarter of 2025, ended May 3. This business makes up most of Dell's total revenue, but its infrastructure group, including servers, saw a robust 22% year-over-year increase, which lifted the company's total revenue 6% to $22 billion.
Source Fool.com
