Got $5,000? 3 Tech Stocks to Buy and Hold For the Long Term
$5,000 might not seem like much in the tech sector, where stocks often cost hundreds or thousands of dollars per share. However, the best tech stocks can still transform a modest investment into a small fortune.
To identify those long-term winners, investors should focus on companies that are led by visionary CEOs, routinely generate robust growth, and exercise killer competitive advantages. These three tech stocks check all three boxes: Adobe (NASDAQ: ADBE), Microsoft (NASDAQ: MSFT), and AMD (NASDAQ: AMD).
A decade ago, Adobe generated most of its revenue from desktop software. Today, nearly all of its revenue comes from cloud-based services.
Source Fool.com
