3 International Tech Stocks to Buy Right Now
In a tech industry where the U.S. remains prominent, investors can easily forget about success stories from other countries. However, foreign companies have driven tech innovation in either their home region or, in some cases, the entire world. Moreover, stocks such as Ericsson (NASDAQ: ERIC), StoneCo (NASDAQ: STNE), and Taiwan Semiconductor (NYSE: TSM) are three stocks that show potential to profit from these offshore advancements. Let's take a closer look at the value proposition they offer.
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Sweden-based Ericsson looks poised to benefit from its position at the center of the 5G upgrade cycle, as the world's telcos build and launch their next-generation wireless networks. The Dell'Oro Group estimates that industry revenue will approach $90 billion-$95 billion this year. At a projected 14% of the telecom equipment market, Ericsson lags only Nokia and Huawei in terms of market share.
Source Fool.com
