After an uncharacteristically sluggish performance in 2022, tech stocks have come roaring back to life in 2023. In fact, the Technology Select Sector SPDR ETF (ticker: XLK) has more than doubled the S&P 500’s return through Aug. 4 this year.
For more than a decade, brief periods of tech sector underperformance have consistently been long-term buying opportunities, and that trend seems to be playing out once again so far in 2023. However, inflation and interest rates remain headwinds for tech earnings in the near term, making stock selection critical.
Here are 10 of the best tech stocks to buy today, according to CFRA Research analysts:
| Stock | Implied upside over Aug. 4 closing price |
| Apple Inc. (AAPL) | 20.9% |
| Microsoft Corp. (MSFT) | 24.2% |
| Nvidia Corp. (NVDA) | 7.4% |
| Broadcom Inc. (AVGO) | 10.6% |
| Adobe Inc. (ADBE) | 10.1% |
| Salesforce Inc. (CRM) | 19.3% |
| Cisco Systems Inc. (CSCO) | 14% |
| Accenture PLC (ACN) | 9.3% |
| Advanced Micro Devices |
Quisitive (TSXV:QUIS) has partnered with Microsoft (NASDAQ:MSFT) to establish generative synthetic intelligence (AI) instruments.
This workforce-up will leverage Azure OpenAI and Microsoft Copilot, to embed into its suite of industry know-how solutions for healthcare, public sector, and manufacturing.
The organization is prioritizing the swift adoption of secured and field-aligned big language styles (LLM) and has recognized various specific use cases in just its business products for the very first
