5 best tech stocks to buy for Q1 2024

Tech stocks include some of the most well-known and popular companies in the world. Here are our expert picks for the best tech stocks to invest in this year.
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Updated: Nov 30, 2023
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On this page, we pick the top five tech stocks and discuss the most important information about each one. Our experts have analysed the stock market to come up with these selections, so keep reading to find the best stocks in the tech sector to buy now.

What are the top tech stocks to buy?

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These are the best technology stocks to invest in. You can use the links in the table to find their most up to date share price, or read on to get a summary of why we’ve chosen each one.

#Stock symbolCompany nameTrade now
1AAPLApple Inc.
Trade AAPL

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2GOOGLAlphabet Inc.
Trade GOOGL

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3MUMicron Technology Ltd.
Trade MU

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4SNPSSynopsys Inc.
Trade SNPS
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5TSMTaiwan Semiconductor Manufacturing Company
Trade TSM
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List chosen by our team of analysts, updated February 2024.

1. Apple Inc. (NASDAQ: AAPL)

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Apple is one of the biggest brand names in the world. Since launching the iPhone in 2007, the Apple story has been one of near-constant success. Its share price has soared in the past decade, from just $10 in 2010 to over $100 by the end of 2020, making it one of the best performing tech stocks in recent memory.

Over the last few years, Apple’s growth has made it the most valuable company on the planet, with a market cap in the trillions of dollars. It’s the largest technology company around, and has a dedicated fanbase that routinely queues up around the block to buy new iPhones and Mac computers on release day. That makes it more than deserving of top spot on our list of tech giants.

Technology and computing are competitive areas, so Apple is going to keep innovating to hold the competition at bay. One of its next big frontiers is to bring the development of its chips in-house, rather than outsourcing them, which could help reduce costs and extend its competitive advantage.

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 2. Alphabet Inc. (NASDAQ: GOOGL)

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Alphabet is the parent company of Google, the dominant force of the modern internet. The Google story has been another successful one, as the stock has never been valued below $54 – the price it was when it went public in 2004. It now trades at over $130, (adjusted for two stock splits).

Google has been able to extend its grip to all areas of the online world. Products like Gmail, Docs, and Meet are used almost universally, the Google website is the most visited in the world, and two other leading sites – Youtube and Blogger – are owned by the Google machine.

It’s almost impossible to imagine a world without Google. It’s so embedded in our lives that it deserves its spot on this list. Thanks to a 2022 stock split, Alphabet Inc is not as expensive as it once was. It’s a blue-chip stock with a great brand name and a long history of revenue growth and turning a profit.

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3. Micron Technology Inc. (NASDAQ: MU)

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Micron is the largest US producer of memory chips for computers. It makes chips that act as the main memory unit in PCs and smartphones, as well as some that offer long term data storage.

Although it’s not as high profile as the two technology companies above it, Micron makes this list because of the importance of what it makes. Demand for new computers and phones surged during the coronavirus pandemic, while cars and network servers also now need these chips to run their systems.

Chip manufacturing is very competitive, but the future is bright because the demand for them shows no sign of slowing. The increased electrification of cars, for example, is likely to drive demand for faster and faster chips. That should bode well for a company already well-established in the industry.

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4. Synopsys Inc. (NASDAQ: SNPS)

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Synopsys is an American company that develops chips and software to power things like artificial intelligence, self-driving cars and the Internet of Things.

It’s ranked fourth on our list of the best tech stocks to buy in 2024 thanks in part to an extraordinary run where its stock price grew by more than 400% in five years. It has played an important role in the rise of automation, developing the technology that powers more and more devices in our homes that connect to the internet.

Synopsys already boasts 8 out of the top 10 tech companies as its customers, as well as some of the leading manufacturers of automated vehicles. The software company and chip maker looks to have a reliable revenue stream and produces some of the most advanced, in-demand technology in the industry.

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5. Taiwan Semiconductor Manufacturing Company (NYSE: TSM)

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The Taiwan Semiconductor Manufacturing Company, better known as TSMC, is the world’s leading manufacturer of semiconductors – computer chips that play a vital role in everything from mobile phones to cars.

Over the last few years TSMC has overtaken its major US rival, Intel, at the top of the semiconductor tree. It manufactures some of the most advanced chips in the world and it’s become a major part of the world economy as electronics has taken centre stage. Based in Taiwan, it’s in the middle of geopolitical toing and froing between the US and China.

Demand for semiconductors grew so fast in 2020 that it prompted serious shortages. It also caused TSMC’s share price to double that year. The demand is unlikely to slow down, but TSMC is investing significantly in producing more chips to meet it and it’s going to take a lot for anyone else to knock it off its perch as one of the best stocks and major players in the tech sector.

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Where to buy the best tech shares

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To get any of these tech stocks right away, you need to use a stock trading app. We have rated all the leading stock trading platforms to pick out the top brokers and listed them in the table below, so you can be sure that whichever one you choose is an excellent option.

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1
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Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
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Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

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2
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$ 100
Best offer
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Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
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Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

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3
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Diverse stock selection providing investors with a diverse array of options for their portfolios.
Advanced trading tools aiding in executing trades with precision in the dynamic stock market.
Easy portfolio management.
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Payment Methods:
ACH, Bank Wire, Check
Full Regulations:
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Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.

What is a tech stock?

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Any company that operates in the technology sector, which might mean developing new computer software or manufacturing the hardware that powers our phones. Tech stocks are often some of the most well-known companies around and offer up some of the biggest gains if you invest at the right time.

Are tech shares a good investment?

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They are if you’re the sort of investor who’s happy to take a risk or to pay up for the top stocks on the market. Tech stocks are often priced quite high relative to how much profit they make, because they trade on future potential rather than their current numbers.

The reward for that extra risk is the potential for a big payoff, as tech stocks can grow much faster than companies in other sectors. Technology is only going to keep advancing, so owning some tech shares in your portfolio is a good idea, just be sure to balance them out with steadier stocks as well.

As with every industry, it’s important to track the latest news so you know about any new developments. In tech, that’s especially vital because releasing new technology can have a big impact on a company’s price. Use our news and analysis below to help you stay on top of what’s new.

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Latest tech news

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The Direxion Daily Semiconductor Bull 3x Shares (SOXL) and the VanEck Semiconductors ETF (SMH) stock prices have embarked on a major bull run this year. SOXL surged to a high of $41.27 this month, 378% above its lowest point in 2023. SMH, on the other hand, has moved from a low of $82.7 in 2022 [&he
Tech company Nvidia (NVDA) revealed one of its most closely watched earnings report on Wednesday after the bell. The Q4 stats confirmed robust performance for the artificial intelligence (AI) behemoth. The firm’s financial results exceeded expectations as revenue came at $22.1 billion, beating
Rivian Automotive Inc (NASDAQ: RIVN) tanked in extended hours on Wednesday even though it reported better-than-expected revenue for its fourth financial quarter. Why is Rivian stock taking a beating in after-hours? The stock is being punished also because the EV maker issued disappointing production
Sound Group Inc (NASDAQ: SOGP) just launched new artificial intelligence enabled applications for the international market. Its shares are up more than 100% in premarket today. Details of Sound Group’s new offerings The audio-centric entertainment company is convinced the new offerings will help boo
SpaceX is in focus this morning following a report that one of its senior executives has decided to leave the rockets and spacecraft company. Tom Ochinero is leaving SpaceX Anonymous sources told CNBC today that Tom Ochinero – the senior vice president (SVP) of the firm’s commercial business resigne
Analog Devices Inc (NASDAQ: ADI) is trading down in premarket on Wednesday even though it came in slightly above Street estimates in its fiscal first quarter. Why is Analog Devices stock down today? Investors are concerned also because the management issued muted guidance for the future. Analog Devi


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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.
Jayson Derrick
Senior Editor of News
Jayson was the Lead News Editor at Invezz until 2023 overseeing the team of reporters, analysts and strategic direction of news content. He traded stocks professionally... read more.