This article features the top five hot tech stocks to buy and invest on January 4, 2022
A multiyear bull market in the technology sector could be on shaky ground in 2022. Any company that sells a product or service heavily infused with technology likely belongs to the tech sector. Tech stocks have been among the hottest stocks in the stock market over the past decade. Technology stocks are often a leading indicator for the economy and the stock market. Here are the five best tech stocks to buy on January 4, 2022.
Analytics Insight provides a list of the 5 best technology stocks, according to Yahoo Finance.
Skyworks Solutions, Inc.
Current Price: US$159.78
Market Capital: US$26.426 billion
Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the Rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners, and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, and more.
ON Semiconductor Corporation
Current Price: US$70.17
Market Capital: US$30.232 billion
ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group (PSG), Advanced Solutions Group (ASG), and Intelligent Sensing Group (ISG). The PSG segment offers analog, discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, and more.
Advanced Micro Devices, Inc.
Current Price: US$150.24
Market Capital: US$181.431 billion
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded, and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services.
Desktop Metal, Inc.
Current Price: US$5.26
Market Capital: US$1.636 billion
Desktop Metal, Inc. manufactures and sells additive manufacturing solutions for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a turnkey binder jetting platform for machines and job shops; Studio System, an office metal 3D printing system; and Fiber, a desktop 3D printer.
Current Price: US$192.41
Market Capital: US$17.979 billion
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omnichannel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers.
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