Best Technology Stocks 2022 – Forbes Advisor UK
The world is driven by technology. As an investor in stocks and shares, it therefore makes sense to have exposure to companies that occupy this important and global industrial sector.
Technology – “technology” – actions include any business that offers a technology product or service.
This covers a wide range, from computer hardware and microchip makers to social networking platforms and companies offering cloud computing services.
Most of the world’s leading technology companies are based in the United States. In terms of investment, they tend to be categorized as so-called “growth” stocks, firms considered to have the potential to outperform the global market because of their prospects.
Technology companies thrived during the confinements associated with the Covid pandemic, when technology-supported services flourished. However, as we have returned to work and spent less time at home, the technology industry has experienced a fortune investment.
For example, New York’s high-tech NASDAQ index has lost about a quarter of its value in 2022 as companies have been unable to meet earnings expectations.
Investors have wondered if stocks that benefited from a benign economic environment will be able to continue to do so as both interest rates and inflation rise and recessionary clouds begin to build up.
Conversely, investors looking to buy the fall after the stock market crash may believe that there is already enough negative news embedded in the sector and that the only way is up.
Either way, to give you an idea of the technology industry, we’ve outlined a dozen of the largest companies by market capitalization (according to Morningstar figures from May 27, 2022).