Top 10 Tech Stocks that’ll have Biggest Upside in 2023

Tech Stocks

Top 10 tech stock picks are excellent for investments and you should take them seriously in 2023

Despite the challenges posed by the current economic downturn, there are numerous reasons to be optimistic about the future of the technology sector. For investors in tech stocks, 2022 has been nothing short of a nightmare. However, stock market conditions are expected to improve significantly in the coming year, indicating a strong upside for tech stocks. As a result, now is an excellent time for investors to seek out the best tech stock picks for 2023.


The current macroeconomic headwinds may cause pain in the short term, but they also provide an opportunity for long-term investors to take advantage of price reductions. Most companies report large losses for a reason, but most tech stocks suffer from Wall Street’s overreaction. Long-term investors can gain exposure to some of the best tech companies at a significant discount by purchasing these stocks. Having said that, here are the 10 best tech stocks to buy in 2023.

1. Apple Inc. (AAPL)

Apple manufactures a variety of personal computing devices, as well as services such as the App Store, Apple Music, iCloud, and licensing businesses. Apple has high customer retention rates, a growing addressable market, and consistent free cash flows. Apple has been aggressive in its capital allocation, and its management has a track record of successfully adapting and executing.

2. Microsoft Corp. (MSFT)

Microsoft is the world’s largest software company, best known for its Windows operating system, Office suite, and Azure cloud services. Despite having a market capitalization of nearly $2 trillion, analyst John Freeman believes Microsoft’s successful transition to a cloud-centric business model creates significant long-term growth opportunities. Cloud-based revenue now accounts for roughly two-thirds of Microsoft’s total revenue.

3. Visa Inc. (V)

Visa is the world’s largest retail electronic payments network and a global credit card leader. Visa’s business model, according to analyst David Holt, is immune to cyclical economic downturns, making the stock an excellent defensive investment in an uncertain macroeconomic environment. The company’s diverse exposure to a variety of payment categories will enable Visa to generate long-term revenue and earnings growth.

4. Nvidia Corp. (NVDA)

Nvidia creates and sells high-end graphics and video processing chips for personal computers, workstations, advanced computing servers, and supercomputers. Zino believes Nvidia’s data center sales momentum is encouraging, citing a strong start for its Hopper-based graphics processing units. Furthermore, Zino has high hopes for Nvidia’s Grace products to enter the central processing unit market in 2023.

5. Mastercard Inc. (MA)

Mastercard is the second-largest global payment processing company and another leading credit card and digital payments specialist. Mastercard, like Visa, is immune to economic volatility. MA shares are down just 0.5% year to date as of December 14, the best performance of any stock on this list. Mastercard’s volume-driven business protects it from inflationary pressures and shifts in consumer preferences.

6. Broadcom Inc. (AVGO)

Broadcom is a global semiconductor manufacturer with a diverse product line. In addition, the company announced plans to acquire enterprise software company VMware Inc. (VMW) for $61 billion in May 2022. Broadcom earned more than $3 billion in net income in the most recent quarter, and its stock trades at only 13 times forward earnings. According to Zino, Broadcom has an appealing valuation, and the VMware deal could help Broadcom increase margins and diversify its business.

7. Cisco Systems Inc. (CSCO)

Cisco sells networking, cloud, and cybersecurity hardware and software. Cisco will continue to face headwinds from component shortages in the near future. Snyder, on the other hand, believes that the next-generation Wi-Fi 6 upgrade cycle and global 5G expansion will drive long-term demand for Cisco. Cisco is well-positioned to capitalize on several long-term technological growth themes, such as rising bandwidth consumption and data center solutions.

8. Accenture PLC (ACN)

Accenture is an international consulting and outsourcing firm. Accenture’s business should fare well even in a slowing macroeconomic environment. The company has a steadfast client base, a solid balance sheet, and a track record of outperforming the industry in terms of earnings growth. The company’s attractive talent pool, valuable relationships with software vendors, and underlying business momentum will continue to generate long-term upside for investors.

9. Adobe Inc. (ADBE)

Adobe develops creative content software as well as marketing and e-commerce applications. Adobe has a dominant position in certain content creation markets and is heavily exposed to the booming global growth in creative professionals. Furthermore, Freeman claims that Adobe has opportunities to monetize its unauthorized users and that its cloud business has been a particularly strong source of growth.

10. Salesforce Inc. (CRM)

Salesforce is the world’s largest cloud-based customer relationship management software provider. Salesforce is an excellent opportunity for investors looking to buy the drop in tech stocks in 2022. The stock is down 47% year to date as of December 14, the worst performance of any stock on this list. Salesforce’s valuation has dropped to historically low levels, but the company remains one of the market’s most disruptive innovators and one of the biggest long-term beneficiaries of cloud migration.

Leave a Reply

Your email address will not be published. Required fields are marked *

World Faces a Recession in 2023 in Response to Higher Inflation
Recession in 2023

World Faces a Recession in 2023 in Response to Higher Inflation

Experts predict that the global economy will enter a recession in 2023 and you

Top 10 Highlights of the Indian Economy in the Year 2022
Indian Economy

Top 10 Highlights of the Indian Economy in the Year 2022

Top highlights of the Indian Economy in 2022 and this is a quick recap of the

You May Also Like