3 Top Tech Stocks to Buy in November
This has been a horrible year for technology stocks, as the 33% decline in the Nasdaq-100 indicates. But there are some names that have shown remarkable resilience despite the bear market.
Advanced Micro Devices (NASDAQ: AMD), CrowdStrike Holdings (NASDAQ: CRWD), and Apple (NASDAQ: AAPL) are three companies that are witnessing robust demand for their offerings despite inflation and weakness in the smartphone and personal computer (PC) markets. Let's look at the reasons why AMD, CrowdStrike, and Apple look like solid bets amid the tech sell-off.
The weakness in the PC market couldn't prevent AMD from delivering solid double-digit growth in its fiscal third quarter. The chipmaker's top line was up 29% year over year to $5.6 billion, driven by strength in the data center and embedded segments. What's more, AMD anticipates 14% year-over-year revenue growth in the current quarter as well, which would be quite an achievement as sales of PCs are expected to drop further.
Source Fool.com
