3 Top Tech Stocks to Buy in January
Last year was good for many tech stocks, reversing course from the significant losses many saw in 2022. The tech-heavy Nasdaq-100 led the major indexes with 55% total returns, its best year since 1999.
As optimism about the economy and the arrival of artificial intelligence (AI) into the mainstream picks up, investors are returning to tech stocks in hopes of capitalizing on emerging trends. How the market plays out is yet to be seen, but there's plenty of potential that makes the investments worth it. Here are three top tech stocks to buy to start 2024.
Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC, is the largest semiconductor (chip) foundry in the world, with a 59% market share of the global semiconductor foundry market as of the third quarter of 2023, according to Counterpoint Research.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 180 € there is a slightly positive potential of 9.76% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 164.0 €.
