Adding $1,000 to These 2 Top Tech Stocks in 2023 Would Be a Genius Move
There is no need to be a multimillionaire to invest in stocks, especially after the beat down equity markets took over the past year. Even a relatively modest sum such as $1,000 can go a long way for investors willing to hold stocks through even the most challenging downturn.
For it to pay off over the long run, investing in companies that can deliver superior returns in five years or more is essential. Let's consider two leading tech stocks that have the tools to pull it off: Meta Platforms (NASDAQ: META) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
Nothing went right for Meta Platforms in 2022. The parent company of Facebook saw its revenue growth decline substantially on a year-over-year basis due to a drop in spending in the advertising business. Elsewhere, Meta's bottom line is also being squeezed, partly due to investment in the company's metaverse ambitions, which don't look likely to bear fruit anytime soon.
Source Fool.com
