Hottest Tech Stocks for 2019 You Cannot Ignore

2019 could be a promising year for tech stocks as the world heads deeper into a blockchain, AI, and machine-learning frontier.

A look out for the hottest tech stocks in the next 12 months is a teaser savvy investor cannot avoid. 2017 and 2018 were both stellar years for the technology and financial sectors.

The tech sector enjoyed total growth of up to 17.9% over the last year, rising from the lows experienced in 2009 amid a harrowing economic downturn. 2019 is looking to be the same for tech stocks.

Here’s 4 of the hottest tech stocks to watch out for and speculate on for 2019.

NXP Semiconductors (NXPI)

We’re entering the world of the Internet of Things, with everyday objects become increasing interconnected in our lives. At the heart of all these devices is the chip, and there’s a good chance that it’s one made by NXPI. The Netherlands-based semiconductor company is an industry leader in this regard, reaching $125 per share in 2018 at the time Qualcomm (QCOM) was expressing interest to acquire the company.

While the Qualcomm acquisition didn’t push through and stocks share fell, it still enjoyed relatively tremendous gains from a low of $80 just last November, roughly a 35% growth. With the ever-increasing demand for their tech, 2019 might be a good year to get into NXPI

Adobe (ADBE)

The world’s leading developer of graphics and other software for the creative industries, Adobe’s strength lies in its powerful and diverse suite of products – led by such names as Photoshop and Premiere – that are industry standards. In addition to these revenue-generating mainstays, Adobe also has its subscription service called Adobe Creative Cloud, which ensures recurring income.

Growth in Adobe’s underlying value has also seen a massive jump in the past two years alone, with revenue up by 24% and profits at 61% in this year alone. This could potentially drive further growth in 2019, as increasing demand for creative products potentially drive price shares up.

iQiyi (IQ)

While still currently unprofitable, a lot of things are going iQiyi’s way enough for a potentially explosive 2019. China’s leading video streaming platform is majority owned by Baidu, Inc, so it has a lot of wiggle room for substantial growth.  The company has hit the headlines and come under the radar of global investors of late.

2018 saw its revenues jump by 48 percent, with subscriber count by 89 percent. iQiyi is pitting all its growth strategy on content, so whether that focus pays dividends remains to be seen, making iQiyi a very high risk but also high reward pick for 2019.

Amazon (AMZN)

In position to overtake everyone as the most valuable company in the world, the powerful e-commerce giant Amazon has raked in extraordinary revenue over the years. It’s unveiling of its new, much talked about headquarters can potentially double its growth.

It is worth mentioning that its Amazon Web Services (AWS) arm is finally realizing profit after years of putting it on the sidelines, with a 5.1 profit growth in 2018.

Amazon’s growth has always been about the long term, often-shunning short-term gains. For investors with the same mindset, Amazon will continue to be a solid investment in the decades to come.

Last Words

2019 has the potential to be a good season for tech investments. But, as with all forecasts, do your own diligence and practice sound investment strategies before committing to anything. Happy investing this 2019!