3 Promising Tech Stocks To Buy In 2022
Following a year of highs and lows for Wall Street, we examine if these three tech stocks could be the right call for investors in 2022.
Technology now permeates every aspect of our daily lives in some way. It’s almost inescapable. Tech stocks, as a result, have been some of the most profitable this year as investors leaned heavily into areas such as cloud computing and software as a service (SaaS).
As we look forward to 2022, we decided to take a look at some tech stocks that could be immensely profitable in the new year.
1. Nvidia
The global semi-conductor shortage was one of the biggest news stories of 2021. Supply chain issues, lack of labor, and soaring prices all conspired to make computer chips akin to gold dust. As we emerge from these global problems, however, chipmakers look set to profit off the increased demand for their products.
Nvidia (NASDAQ: NVDA) is one of the companies set to profit, with its graphics processing units (GPUs) considered among the best in the business. The company has also expanded into other areas, with cloud gaming another potentially lucrative venture for the Santa Clara-based company.
As a leader in a market that only seems to continue to grow, Nvidia certainly has plenty of growth potential as we enter into the new year. If the company can maximize its potential in the many markets it has a hand in, 2022 could be a landmark year for the firm.
2. Ericsson
Ericsson (NASDAQ: ERIC) is currently one of the largest providers of 5G services in the world. Currently powering more than half of live 5G networks across the globe, the Swedish company has positioned itself to profit immensely off the back of the technology’s expected growth into a $500 billion industry by 2027.
Ericsson looks set to take advantage of increasing distrust in current market leader Huawei, following spying allegations thrown at the company by the U.S. This shift away from Huawei is set to benefit Ericsson massively, as it already boasts a formidable market share and the experience needed to roll out 5G networks on a huge scale.
The growth of the 5G market, coupled with Ericsson’s increasing market share, has the potential to yield enormous gains in 2022.
3. Apple
You didn’t think we’d make a list like this without at least one blue-chip stock now, did you? Apple (NASDAQ: AAPL) is generally one of the safest bets to make in investing these days. Despite having a market cap of almost $3 trillion, the company continues to display strong growth year after year.
The anticipated arrival of Apple’s augmented reality (AR) headset this year, coupled with growing rumors of an entry into the automotive space, should be more than enough to keep investors bullish on the stock.
Unrivaled cash flow will enable the Cupertino-based tech giant to ride out any inflationary worries the new year throws at it. The company also boasts one of the strongest brands in the world, which will guarantee sales on any and all new product lines released in 2022.
Financial Writer at MyWallSt
Pádraig’s favorite stock is Nike. Growing up as a sports fanatic, seeing Nike collaborate with athletes like Jordan, Lebron, and Ronaldo inspired him and cemented the brand in his mind. Now, despite having failed miserably in his attempts to earn a fabled Nike sponsorship, he still believes in the innovation and creativity behind Nike and is convinced they will only grow stronger as the world's leading sports brand.
