Tech Stocks to Sink Your Teeth into in 2022 – MarketBeat

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The driven technology expansion has given us, well… You know. Artificial intelligence, voice assistants, software providers, navigation software, semiconductor producers and stuff we aren’t even aware of… yet. 
Right now, tech stocks are getting hit due to the same old, same old: higher inflation, less liquidity in the markets, tighter monetary policy expectations from the Federal Reserve and a hike in bond yields. The bull run equals shaky ground in the sector and its pricey stocks don’t help matters, either. 
Still, the initial economic troubles of the sector shouldn’t curb enthusiasm for technology for the wide opportunities it can offer. This sector offers unlimited potential and tech represents some of the most exciting investing opportunities available. We’ve put together an overview of tech stocks and three excellent options for 2022 in this piece. Let’s dive in. 
Sector-specific tech stocks represent publicly traded companies in the area of technology. The tech sector comprises businesses that sell goods and services in the following industries: 
Some of the companies with the largest market capitalization in the world belong to the tech sector. Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOG) (C shares) and Alphabet (NASDAQ: GOOGL) (A shares). (adsbygoogle = window.adsbygoogle || []).push({});
Let’s take a look at some tech stock options for this year beyond the usual suspects of Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOG), and Alphabet (NASDAQ: GOOGL). We’ll also throw in an ETF for good measure, just in case you’re interested in diversifying your portfolio.
Oracle Corp., headquartered in Austin, Texas, provides products and services that address all aspects of corporate information technology environments. It has three business segments: cloud and license, which markets, sells and delivers applications, platform and infrastructure technologies; hardware, which provides hardware products and hardware-related software products; and services, which offers consulting, advanced support and education services. 
In Q2, Oracle’s total revenue was up 6% to $10.4 billion and total cloud revenue (IaaS plus SaaS) was up 22% to $2.7 billion. Fusion ERP cloud revenue was up 35% and NetSuite ERP cloud revenue was up 29%. The company has a $246.1 billion market capitalization and a 39.20% return since the beginning of 2021, and its 12-month returns are up over 52%. 
Oracle continues to make waves in cloud computing through organic research and development and small acquisitions. Oracle’s subscription-based model continues to garner attention in the public cloud market. Its strong balance sheet and tendencies to be a cash flow generator can result in dividends for shareholders.
Chipmaker Intel Corp. had a dusty 2021; new leadership may give it a shot in the arm. With its 7-nanometer chips and plans to spend $20 billion to build two new semiconductor fabs in Arizona, Intel Corp., headquartered in Santa Clara, California, can pull out new stops in 2022. 
Intel Corp. designs, manufactures and sells computer products and technologies on computer, networking, data storage and communications platforms. More specifically, it makes processors, chipsets, server products, Ethernet products and more. It focuses on emerging technologies like edge computing, 5G networks, cloud computing, AI, autonomous driving — you know, all the stuff you hear about for the future.
Intel Corp. shored up third-quarter GAAP revenue of $19.2 billion, up 5% year over year and non-GAAP revenue of $18.1 billion, up 5% year over year. Intel’s Internet of Things (IoT) Group (IOTG) achieved record revenues, as did the Data Center Group (DCG) and Mobileye businesses. GAAP earnings-per-share (EPS) was $1.67; non-GAAP EPS was $1.71, which exceeded July reports by $0.61. 
The Vanguard Information Technology ETF might be in your wheelhouse if you want a more diversified technology with a benchmark index that measures the investment return of stocks in the information technology sector. The ETF boasts a wide array of stocks of companies that serve the electronics and computer industries and which manufacture products based on the latest applied science. Technology hardware and storage make up the largest portions of the ETF, and analysts can see over a 12% upside for the ETF and its underlying holdings, including OneSpan Inc. (NASDAQ: OSPN), BigCommerce Holdings Inc. (NASDAQ: BIGC) and JFrog Ltd. (NASDAQ: FROG)
It’s easy to see the trouble tech stocks had in 2021 and feel a bit leery about the sector. However, it’s important not to give up on the sector — it can offer a multitude of opportunities to stoke your portfolio.  
If you want to steer clear of FAANG stocks, you can. Make sure you investigate performance of all potentials from the top down. 
Before you consider Intel, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Intel wasn’t on the list.
While Intel currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
 
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