Which tech stocks should you invest in now?

Our list of 12 hot tech stocks to invest in now is dominated by semiconductor companies including UK-based chip designer Arm Holdings plc. (NASDAQ:ARM), leading semiconductor foundry operator Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), and memory and storage solutions provider, Micron Technology, Inc. (NASDAQ:MU), among others.

Should you buy tech stocks?

Buying tech stocks lets investors dial up the risk in their portfolios to increase their returns. While risk certainly cuts both ways, buying fast-growing tech names is a very effective way of boosting returns in a low interest rate environment. Constant innovation. Tech companies live on the cutting edge of innovation.

Are tech stocks a good investment in 2024?

Elevated interest rates and inflation in the near term make stock selection crucial in the tech sector. Technology stocks have led the stock market to new all-time highs in 2024. In fact, the Technology Select Sector SPDR ETF (ticker: XLK) has significantly outperformed the S&P 500's total return in the past 12 months.