The year 2023 has seen significant gains for top Tech Stocks in the market. The Nasdaq has reached record levels as investors flock to both established tech giants and emerging winners in areas like artificial intelligence (AI).

Despite these substantial gains, it is not too late to invest in high-potential tech stocks. Investors need to be selective to avoid overpaying for growth stocks in the future.

There are still solid tech stocks available at fair prices. Here are three great ones to consider for July 2023 and beyond.

Qualcomm (QCOM) is a leading semiconductor company that focuses on mobile communications. The company has made a name for itself by developing critical intellectual property and patents for technologies such as 3G and 4G. In recent years, Qualcomm has expanded its business by designing its own chip ecosystems, such as Snapdragon, for smartphones and tablets. The company has also made advancements in AI, developing mobile chips that deliver AI solutions for specific use cases. Qualcomm’s AI-enabled chips have outperformed Nvidia in recent tests. Despite its advancements, Qualcomm is still reasonably priced, with a forward earnings multiple of 15 and a 2.6% dividend yield.

Taiwan Semiconductor Manufacturing (TSM) is the dominant semiconductor foundry company globally. It has seen its market share grow from 53.1% to 55.5% in 2022, and analysts expect further gains in 2023. TSM’s strong position in the industry, with superior plants, employees, and expertise, makes it a central player in the semiconductor boom. Companies that don’t have their own fabs turn to TSM for production, and the company now captures more than 55% of this market. Despite its success, TSM’s stock is reasonably priced at 21 times forward earnings. Concerns about political conditions in Taiwan have suppressed the stock’s valuation, but TSM is well-prepared to navigate these challenges with its industry dominance and investments in Arizona.

nCino (NCNO) is a software-as-a-service company that offers cloud banking solutions. Its software serves as a bank operating system, assisting with loan underwriting, risk management, accounting, and more. What sets nCino apart is that it originated as the IT unit of a major regional bank, which developed solutions to address its own specific challenges. nCino has since expanded its product to cater to the wider banking industry. Despite a slowdown in the banking sector, nCino has garnered significant revenue and is now up for sale, potentially attracting a premium price.

These three tech stocks present compelling opportunities for investors looking to capitalize on the tech market’s continued growth.

The post Top Tech Stocks to Buy in July 2023 and Beyond appeared first on TS2 SPACE.