tech

How to Invest in the Tech Sector in 2021 | Investing 101

The rate at which technology has been adopted in business and society has grown out of necessity, building up naturally yet aggressively as a result of the pandemic.

These technologies are meant to make our lives more efficient by supporting virtual work, growing e-commerce businesses, offering cybersecurity protection, optimizing through automation and much more.

The outcome: high tech asset valuations. Market adoption in this space, which is normally expected to take years, is happening much quicker. This has investors piling into Big Tech, namely Amazon.com (ticker: AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft Corp. (MSFT), because they want to get in on something with growth opportunities. A tech stock of this size can come with a hefty price tag. Amazon saw explosive growth over the last year and now costs around $3,100 per share.

Adam

Read More

3 Tech Stocks That Turned $10,000 Into More Than $1 Million

Top technology companies often benefit from having highly scalable business models that pave the way for dramatic sales and earnings growth, given the right opportunities and proper execution. Investors who build early positions in these kinds of businesses often go on to enjoy life-changing returns.

Recognizing these incredible opportunities is always much easier in hindsight, but studying massive success stories can also provide a useful template for identifying other companies that are capable of delivering incredible performance.

With that in mind, read on for a look at three stocks that went on to turn a $10,000 investment into $1 million — and then much more. 

Cash raining down

Image source: Getty Images.

1. NVIDIA

Graphics processing unit (GPU) specialist NVIDIA (NASDAQ:NVDA) went public in 1999, with shares trading in the range of $1.40 per share on a split-adjusted basis. The gaming industry was going through a period of rapid growth at

Read More

Verizon unveils new business plan with the goal of going carbon neutral by 2035 and retraining 500,000 employees for emerging tech jobs

Better Capitalism
Better Capitalism
Hans Vestberg
Hans Vestberg

Kevork Djansezian / Getty

  • Verizon announced Tuesday it’s launching a new business plan called Citizen Verizon, which includes a number of socially responsible goals, like becoming carbon neutral by 2035. 

  • Diego Scotti, executive vice president and chief marketing officer for Verizon, said that the company including socially responsible goals in its business strategy is an important distinction. It means the company is encompassing stakeholder capitalism in its business model. 

  • Scotti agreed that more brands are moving toward stakeholder capitalism, the belief that companies should be accountable to not only their shareholders, but to their workers and communities in which they do business.

  • Other companies like Microsoft, Amazon, and Unilever have recently shared pledges to become carbon neutral (or carbon negative) in the coming years. 

  • Visit Business Insider’s homepage for more stories.

Verizon, one of the country’s largest telecommunications providers, announced Tuesday it is launching a

Read More

How Ocado went from understated British grocer to an $18.4 billion tech giant, as the coronavirus pandemic confirms the future of grocery shopping is online

"Bots" are seen on the grid (or "The Hive") of Ocado's "smart platform" in Andover, Britain, on May 1, 2018.
“Bots” are seen on the grid (or “The Hive”) of Ocado’s “smart platform” in Andover, Britain, on May 1, 2018.

REUTERS/Peter Nicholls

  • As grocery stores worldwide experienced stockpiling, long lines, and health worries amid the coronavirus pandemic, millions of people turned to shopping online.

  • It has been a goldrush for the British company Ocado, an online-only grocery marketplace that also operates technology for supermarket giants worldwide.

  • Ocado was the best performing stock on the FTSE 100 in the second quarter of 2020, and, in May, Ocado raised over $1 billion to grow its services.

  • It is now betting big on its US expansion, hoping to convert Americans to grocery shopping online.

  • Huge challenges remain, though. Many Americans are still reluctant to buy food they can’t see in person, and some fear the current online pandemic-driven boom could prove a one-off.

  • Visit Business Insider’s homepage for more stories.

The coronavirus

Read More