3 Technology Stocks to Consider This Week

3 Technology Stocks to Consider This Week

Posted On May 15, 2023 10:46 am

Technology has always been a driver of change and innovation. The industry is evolving as technology companies strive to innovate, race to be first to market, and compete for market share.

As the industry shows potential, fundamentally strong tech stocks Indra Sistemas, S.A. (ISMAY – Get Rating), PC Connection, Inc. (CNXN – Get Rating), and ON24, Inc. (ONTF – Get Rating) might be solid buys.

With the rapid adoption of blockchain technology across various industries, ChatGPT has the potential to play a significant role in the education and training of future developers. In addition, its ability to simplify complex concepts and provide actionable insights will be invaluable for those just starting to explore this exciting and rapidly evolving technology.

Also, digital marketplaces are becoming commonplace for tech purchases as buyers, increasingly non-tech ones, are looking for composable and easily consumable solutions.

By 2026, Gartner expects all major cloud platforms and enterprise application providers will offer business component marketplaces to enable customers’ composable strategies, differentiating by quality, convenience, and security.

Gartner predicts spending to reach $4.5 trillion in 2023, a 2.4% rise from previous years.

John-David Lovelock, Distinguished VP Analyst at Gartner, said, “Consumers and enterprises are facing very different economic realities. While inflation is devastating consumer markets, contributing to layoffs at B2C companies, enterprises continue to increase spending on digital business initiatives despite the world economic slowdown.”

Let’s discuss the stocks mentioned above in detail…

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