Based on my research, interests, and historical data, I believe these are the top tech stocks for 2022. Remember the title is “My Stock Picks”. Be sure to do your own research before investing.
Block (SQ)
On December 1st, 2021, it was announced that Square changed their company name to Block. Square, the payment processing company popular with small businesses, still exists as a brand itself. Block is now the parent company that owns Square. Here are a few reasons why I think this stock will double in the next the year.
- The change to Block acknowledges the company’s growth. Since Square was founded, they have added Cash App, Spiral, Tidal, and TBD54566975.
- This branding change shows us that Block wants to be an early adopter of decentralized finance and the block chain. Cash App was already one of the early adopters of accepting Bitcoin. Sign up with Cash App here and get $5.
- Square is focused on small business owners. With The Great Resignation of 2021, many people are starting their own business and they are using Square to process credit card payments.
- Block (SQ) blew up to $300 price point in 2021. With many stocks currently at a 52 week low, it is a great time to buy. At the time I am writing this post, they are floating around $165 per share.
- Cash App is planning some changes to improve their business accounts. Soon, you may be able to sell digital downloads through Cash App.
- Square and Cash App are very scalable. With Cash App’s debit card and individual brokerage account, they can easily expand to checking, saving, retirement, and credit card accounts. While Square is doing great in the small business niche, they have the platform to and know-how to work with larger businesses.
- On December 16, 2021, H&R Block sued Block for using the Block name. I wonder if the last remaining Blockbuster store in Bend, Oregon has anything to say about this.
Meta (FB)
Facebook recently changed their name to Meta as in Meta Data or the Metaverse. In fact, they stole the name from other influencers and even a business who filed for a trademark (pending) before Facebook did. In Q1 or 2022, the stock ticker symbol will change from FB. In general, I don’t like or support Meta (FB), but I do think they will have huge growth.
- Meta is focused on the future and they seem to be getting their faster than anyone.
- The metaverse is another way is saying virtual reality. With the name change, you can get a sense for the direction that Facebook is headed. They are working on entering the NFT crypto space and they are developing their Oculus hardware for virtual reality.
- Meta is one of the top meta data companies. The AI handling their advertising and their algorithms are top notch. They know what you are thinking before you even think it.
Alphabet (GOOGL)
Google has taken over the world. Almost everyone loves them. Google is comparable to Amazon in that they have their hands in so many different industries. And now their share price is at or near their 52 week low.
- Google has some of the best Machine Learning Engineers in the world. Their Artificial Intelligence software is unbeatable in my opinion. Machine Learning, Automation, and Python Software Engineering are among the top growing fields of the past decade with huge growth expected over the next few years.
- They are Pandemic-Proof and good as a long term investment.
Microsoft
Microsoft is one of the affordable big tech companies with share prices ranging between $315 and $350. A few years back, they changed their Microsoft Office Suite into a subscription package. As a customer, I hated it because I had to pay for Microsoft Word forever. As an owner, I loved it because Microsoft now had more cashflow than ever. Here is why I think they will continue to grow.
- Microsoft has improved their apps and software for business including PowerBI, Microsoft Lists, and more.
- With the Pandemic and the rising popularity of working from home, many businesses have switched to Microsoft Teams for virtual meetings.
- Microsoft is working on a platform that gives us the ability to create our own cryptocurrencies in the form of tokens. These are cryptocurrencies that run on existing blockchains such as the Ethereum Blockchain or Bitcoin Blockchain.
NVIDIA
NVIDIA is dominating the market right now with their graphics cards. They are currently sitting at a share price of $278 when their 52 week high was $346.47. If you look at their income statements, you will notice that they have had huge growth in 2021. I expect NVIDIA to keep growing at a tremendous rate.
- The FTC recently sued NVIDIA from purchasing Arm for $40 billion. Why? This would be the largest semi-conductor merger in history.
- Google, Microsoft, and Qualcomm are scared of NVIDIA. They complained about the Arm purchase because it would be nearly impossible to compete with NVIDIA.
- Crypto Mining and Automotive Electrification is on the rise. The demand for semi-conductors will only continue to rise.
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