3 Tech Stocks You Can Buy and Hold for the Next Decade
The recent volatility in the stock market has seen many technology companies fall into value territory. For investors with a long view, this can be a great time to start accumulating shares in market-leading companies that are trading at attractive valuations.Let's look at three leading tech companies that fit this bill.Despite a bounce from its lows, Nvidia (NASDAQ: NVDA) is still very attractively valued, trading at a forward price-to-earnings ratio (P/E) of under 25 times this year's analyst estimates and a 0.5 price/earnings-to-growth (PEG) ratio. Stocks with PEG ratios below 1 are typically viewed as undervalued, so by this metric, Nvidia's shares remain on the clearance rack.Continue reading
The recent volatility in the stock market has seen many technology companies fall into value territory. For investors with a long view, this can be a great time to start accumulating shares in market-leading companies that are trading at attractive valuations.
Let's look at three leading tech companies that fit this bill.
Despite a bounce from its lows, Nvidia (NASDAQ: NVDA) is still very attractively valued, trading at a forward price-to-earnings ratio (P/E) of under 25 times this year's analyst estimates and a 0.5 price/earnings-to-growth (PEG) ratio. Stocks with PEG ratios below 1 are typically viewed as undervalued, so by this metric, Nvidia's shares remain on the clearance rack.
