The IT and Technology sectors seem to have performed quite well after the outbreak of the pandemic. A significant shift in the way people work, entertain, eat, and live their lives is proving to be a tailwind for some of the best information technology stocks to buy. Besides companies like Gartner, which provides research and tools to help CIOs and IT leaders make decisions, businesses from the technology sector are also seeing positive performances.
Best Tech Stocks To Buy In 2020
Some of the best stocks in the technology sector this year are Adobe, Nvidia, and Apple. Companies like Microsoft have been long-term performers while cybersecurity stocks like Palo Alto Networks have also done quite well. Adobe has benefitted from higher demand for creative solutions and software packages that can allow video and image editing. The growth of YouTube and Blogging has benefitted Adobe. Nvidia is benefitting from higher time and money spent by Americans on gaming. The company’s graphics cards are considered to be one of the best in the industry. Apple has continued its tradition of coming out with innovative new products with new phone and audio gadget launches.
Cybersecurity is an interesting segment
As the world becomes more digitized, people will spend more of their lives online. Whether it is interacting with office colleagues, working on projects, consuming entertainment, or conducting banking, most activities are moving online. This makes cybersecurity an important issue. Companies like Palo Alto Networks are benefitting from an expanding market for cybersecurity products and solutions. As a result, its stock has been one of the best tech stocks to buy in 2020. The price of Palo Alto Networks’ stock has is up 74% since the March market crash and up 54% in the last 3 years. Zscaler, another IT security stock, is up 200% for the year 2020.