3 Cheap Tech Stocks to Buy Right Now
Investors have noticed the market's sustained upward moves this year. The trend is increasingly difficult to ignore as some stocks reach valuations reminiscent of 2021.
If the recent increases become a sustained bull market, investors will want to take a closer look at stocks the rally has thus far missed. That means investors looking for such cheap stocks will want to consider Taiwan Semiconductor Manufacturing (NYSE: TSM), PagSeguro (NYSE: PAGS), and Qualcomm (NASDAQ: QCOM) -- all tech companies with significant growth potential. Let's find out a bit more about these three reasonably valued stocks.
Taiwan Semiconductor Manufacturing, better known as TSMC, is the world's leading third-party chip producer. Almost every major chip design company outsources at least some of its production to TSMC, and as of Q4 2022, it claimed 59% of the third-party chip manufacturing market, according to TrendForce.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 160 € there is a slightly positive potential of 5.68% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 151.4 €.
