Got $1,000? 2 Tech Stocks to Buy and Hold for the Long Term
Yahoo Finance ·
The tech sector has been one of the hottest for growth investors, as it has a long history of outperforming the S&P 500 . For instance, the State Street Technology Select Sector SPDR ETF has delivered roughly 140% in gains over the past five years, while the S&P 500 hasn't even doubled over the same stretch. Investors can get more nuanced in the tech industry with funds like the iShares Semiconductor ETF , which has almost quadrupled over the past five years. But the performance of the broader tech industry compared to indexes explains why many investors prefer hunting for good picks in this sector. You can start your search with these promising tech stocks if you have $1,000 ready to invest. Nvidia ( NVDA 1.93% ) is the largest AI chipmaker , and the competition isn't close. The company generates more revenue in a quarter than most of its competitors earn in an entire year. Even after years of strong growth, Nvidia still has the pedal to the metal. The AI leader reported 85% year-over-year revenue growth in its fiscal 2027 first quarter, and its Q2 FY27 guidance implies more than 10% sequential growth.
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