Some people think they need a ton of money to get started investing. That’s not the case at all. Fractional shares allow you to invest in great companies with little upfront cash. You can also find attractive stocks with affordable share prices on a modest budget.
If I had to start over with just $1,000, I’d focus on tech stocks. Why? The tech sector has been the best way to obtain market-beating returns over the last 20 years. I suspect that will remain true over the next decade and beyond. And here’s exactly which tech stocks I’d buy with $1,000 right now.
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1. Alphabet
Alphabet (GOOG +0.44%) (GOOGL +0.66%) is my top pick. The main reason I like Google’s parent so much is that it’s a leader in nearly every key technology trend that I expect will shape the future.
You probably won’t be surprised to learn that artificial intelligence (AI) is the technology I think will be most impactful. Alphabet is an AI pioneer, forging the way for the current AI renaissance. More importantly, the company is well-positioned to benefit from the rising adoption of AI in multiple ways.
Today’s Change
(0.66%) $2.62
Current Price
$400.61
Key Data Points
Market Cap
$4.9T
Day’s Range
$396.37 – $402.00
52wk Range
$156.16 – $402.00
Volume
994K
Avg Vol
30M
Gross Margin
60.43%
Dividend Yield
0.21%
Google Cloud is the fastest-growing of the big three cloud service providers. Gemini consistently ranks among the most powerful AI models. Alphabet has incorporated generative AI throughout its products, including Google Search and its Workspace productivity suite, boosting revenue and profitability in the process. The company’s Tensor Processing Units (TPUs) are in such high demand for AI applications that Google has begun selling the chips to external customers for the first time.
Alphabet also stands at the vanguard of two technologies that could see explosive growth over the next few years — autonomous driving and quantum computing. Alphabet’s Waymo unit operates the world’s first autonomous ride-hailing service, having served over 20 million rides to date. Google Quantum AI has achieved two major quantum computing milestones and is working to build a large-scale multi-purpose quantum computer.
2. Nvidia
It would be hard to omit Nvidia (NVDA +1.73%) from the list. The company’s graphics processing units (GPUs) remain the gold standard for training and deploying AI models. Even with rising competition, Nvidia doesn’t appear to be in any danger of being knocked off its perch.
The company’s AI moat runs deep. Nvidia’s rapid development cycle enables it to introduce new, more powerful chips faster than rivals. Its CUDA software platform, which enables applications to harness the power of GPUs, is so widely used that Nvidia’s technology is incredibly sticky.
Today’s Change
(1.73%) $3.66
Current Price
$215.16
Key Data Points
Market Cap
$5.2T
Day’s Range
$212.90 – $217.79
52wk Range
$120.28 – $217.80
Volume
5.2M
Avg Vol
171M
Gross Margin
71.07%
Dividend Yield
0.02%
Like Alphabet,…
Read More: If I Had to Start Over With $1,000 in Tech Stocks Today, Here’s Exactly
