Technology Companies to Watch for the Next Decade
Technology is one of the fastest growing sectors in the global economy. Tune into any financial news network and if they aren’t already discussing a tech company, it won’t be long before they do. There’s even an entire index made up primarily of technology companies – the NASDAQ.
There’s no shortage of promising tech companies out there but the field is largely led by just a handful of giants. While new players will undoubtedly come onto the scene in the next several years, investors looking for long-term strategies should stick to companies that have demonstrated success.
Companies with staying power
There’s a nickname Wall Street has given the top technology companies in the market right now – FANG. That stands for Facebook, Amazon, Netflix, and Google (now known as Alphabet). Out of that list, three of them are technological conglomerates that are involved in far more projects than their original business. These tried and true leaders in the industry have the innovative capacity and management teams to keep pushing the boundaries of what’s possible.
Facebook – The company that revolutionized the idea of social media is involved in a number of technology concepts ranging from data gathering to a number of different social media platforms. With more than 2 billion registered users, Facebook isn’t likely to fade away anytime soon.
Amazon – Amazon is best known as one of the largest the biggest online marketplaces in the world. But the company also offers television streaming services through Amazon Prime as well as tech devices like the Fire tablet and Echo smart speaker. It’s also on the leading edge of cloud computing technology while its founder Jeff Bezos pushed the frontier of commercialized space travel with his company Blue Origin.
Alphabet (Google) – This holding company contains 20 other companies in its portfolio including Google. From search engines to automated vehicles to its most recent endeavors into artificial intelligence, Google is positioned as one of the greatest technology conglomerates on the planet.
Other companies worth keeping an eye on include Apple and Tesla as well. Apple’s smartphone products and tablets are in high demand globally while Tesla’s electronic and automated vehicles are paving the way for the next breakthrough industry in automation tech.
Despite their current standing in the US economy, any of the listed companies could find themselves suddenly behind the curve. Technology by its very nature is a disruptive industry and new innovations can make old ideas obsolete without any warning. While major tech companies are more resilient than smaller ones, investors shouldn’t assume a popular stock is immune to competitive pressure.