3 Millionaire-Maker Tech Stocks Now for Sale

Technology shares are back After a brutal sell-off in 2022, stocks of technology companies have year to date skyrocket, with many doubling in price. The tech-laden Nasdaq index has gained 19% so far this year, outpacing both the S&P 500 index and Dow Jones Industrial Average. However, many leading technology stocks are only now beginning to recover from the declines they experienced over the last 12 to 18 months. Some tech stocks are just coming off the bottom and trading just slightly above a 52-week low. This offers a huge opportunity for investors to buy great technology shares for sale and drive them to wealth over the long term.

Technology companies have led stock market gains over the past 20 years, and with new breakthroughs in artificial intelligence (AI), cloud computing, microchips, and self-driving cars, tech stocks can be expected to continue to lead for the foreseeable future. Here are three millionaire-maker tech stocks for sale right now.

Tesla (TSLA)

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Maker of electric cars Tesla’s (NASDAQ:TSLA) stock has fallen 8% in the last month, presenting a buy-the-dip opportunity for investors. While shares hit a bottom in January of this year, they are currently trading 32% below where they were in May 2022 and are down 58% from an all-time high reached in November 2021. TSLA shares have been beaten lower since it delivered its latest earnings report at the end of April. However, there are several reasons for investors to be bullish on the company and its shares.

The big reason for optimism is that Tesla CEO Elon Musk has found someone new lead the social media business Twitter, which he also owns, and has said publicly that he plans to spend more time running the electric car maker. Musk has also said that Tesla plans to start advertising their cars, reversal of a long-standing position against ad spending. Plus, Tesla’s long-awaited Cybertruck is expected to go on sale later this year, and the company is continuing its global expansion, with plans for a new manufacturing site in Mexico.

Alphabet (GOOG, GOOGL)

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It’s not too late to buy tech giant shares Alphabet (NASDAQ:GOOGNASDAQ:GOOGLE). Due almost entirely to the hype around artificial intelligence, GOOGL stock has 34% rally so far this year. However, this rally has only begun to erase the steep losses that the stocks endured in 2022 during the so-called “tech wreck.” Currently, Alphabet’s stock price is only 2% higher than where it was a year ago, and the stock remains 20% below the all-time high it hit in November 2021.

The future looks bright for Alphabet as the company continues to roll out a suite of generative AI tools and platforms. The shares came hard after executives held their annual Developer Conference and gave investors and analysts a look at the company’s future offering when it comes to AI Beyond chatbots and large language models, Alphabet also unveiled a new foldable smartphone that will sell for just under $1,800.00, as well as several new Pixel – smartphones.

Information about the company Taiwan Semiconductor Manufacturing Co.

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Microchips and semiconductors are only growing in importance. Almost all major technological advances, including those made in AI, rely on chips and semiconductors. And One part of Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE:TSM) remainder the world leader in the highly specialized manufacturing of semiconductors and chips, many of which are microscopic. 60% of all chips and semiconductors in the world are made by Taiwan Semiconductor, giving a unique position and a wide moat around their company.

The good news for investors is that TSM stock is only starting to recover from a 52-week low in November of last year. In the last 12 months, Taiwan Semiconductor’s shares have fallen 4%. It is currently trading 16% below its 52-week high. This presents a great opportunity for investors looking for long-term growth to add to their portfolio. While there are some geopolitical concerns about the fact that the company is based in Taiwan, most analysts see the strategic importance of his work as protect it from those risks.

As of the date of publication, Joel Baglole had a long position in GOOGL. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publishing Guidelines.