Ten Up-and-coming Technology Stocks to Invest in for the Long-Term

You are probably tired of hearing about the same old technology stocks everyone else is investing in. you know, the usual suspects; Apple, Microsoft, Google, and Facebook. Well, it's time to spice things up and look at up-and-coming technology stocks worth considering for the long term. Don't worry if you haven't heard of these companies before; I've researched them for you! Their value rides on cutting-edge technology that will only get better with time.

The underlying technology of up-and-coming tech stocks

• Fintech: Fintech refers to the integration of technology into financial services. This includes services such as digital payments, mobile banking, and investment platforms that use algorithms and other automated tools to manage investments. As consumers increasingly rely on mobile devices to manage their finances, the demand for fintech solutions is expected to grow.
• Cloud computing: Cloud computing refers to delivering computing services, including storage, processing power, and software applications, over the internet. This allows businesses and individuals to access these services from anywhere with an internet connection without maintaining their physical hardware.
• AI: Artificial intelligence and machine learning use algorithms and other tools to create systems that can learn and adapt over time. These technologies are increasingly used in various applications, from natural language processing to predictive analytics.
• Electric vehicle technology: Electric vehicle technology refers to the technology used in electric cars and other vehicles. This includes batteries, electric motors, and charging infrastructure.
• Content delivery: Content delivery refers to delivering digital content, such as video, audio, and other media, over the internet. This includes streaming services like Netflix and YouTube and cloud-based storage and delivery solutions.
• Gaming platform technology: Gaming platform technology refers to the technology used in online gaming, including game engines, hosting platforms, and social features that allow users to connect and share content.
• Autonomous driving technology: Autonomous driving technology is used in self-driving cars and other autonomous vehicles. This includes sensors, artificial intelligence algorithms, and other tools that allow vehicles to navigate and operate without human intervention. As the technology behind autonomous cars continues to improve, demand for these vehicles is expected to grow.

Be sure to look for these technologies when hunting for companies to invest in. With this perspective, we can now look at ten up-and-coming technology stocks worth keeping on your radar.

1. Snowflake Inc. (SNOW)

First up is Snowflake Inc., a cloud-based data warehousing company that went public in 2020. With a market capitalization of over $90 billion, Snowflake has been snowballing since its IPO and is expected to continue. The company's cloud-based approach to data warehousing has proven to be a game-changer in the industry. It has attracted the attention of big-name investors such as Warren Buffet and Salesforce.

2. Unity Software Inc. (U)

Next on the list is Unity Software Inc., a platform that provides tools for game developers to create and publish their games. It has a massive market capitalization of over $40 billion and is still experiencing rapid growth as the gaming industry continues to boom. The company's technology has also been used in non-gaming applications, such as virtual reality and architecture, which opens up even more potential avenues for growth.

3. Zoom Video Communications Inc. (ZM)

Third on our list is Zoom Video Communications Inc., the company we all became very familiar with during the pandemic. With a market capitalization of over $100 billion, Zoom has revolutionized how we communicate and collaborate remotely. The company's technology has also been used in other industries, such as healthcare and education, which opens up even more potential growth opportunities.

4. DocuSign Inc. (DOCU)

Fourth on the list is DocuSign Inc., providing digital transaction management services and electronic signature technology. It has a market capitalization of over $45 billion owing to its shrewd strategy of lending its technology to other industries, such as real estate and finance, which opens up even more potential growth opportunities.

5. Square Inc. (SQ)

Fifth on the list is Square Inc., which provides mobile payment solutions and financial services. With a market capitalization of over $100 billion, Square continues to support more businesses moving towards digital payments. The company's technology has also been used in other industries, such as e-commerce and food delivery, which opens up even more potential growth opportunities.

6. CrowdStrike Holdings Inc. (CRWD)

Sixth on the list is CrowdStrike Holdings Inc., a company that provides cloud-delivered endpoint protection solutions. CrowdStrike, with a market capitalization of over $60 billion, is in high demand. The company's technology has been used in other sectors, such as government and finance, which opens up even more potential growth opportunities.

7. Datadog Inc. (DDOG)

Seventh on the list is Datadog Inc., a cloud monitoring and analytics platform that provides insights into applications, infrastructure, and logs. With a market capitalization of over $30 billion, Datadog has grown rapidly as more businesses move towards cloud-based solutions. The company's technology has also been used in other industries, such as healthcare and e-commerce, which opens up even more potential growth opportunities.

8. Fastly Inc. (FSLY)

Fastly Inc. is Eighth on the list, providing content delivery network services. With a market capitalization of over $7 billion, Fastly has grown rapidly as more companies move towards cloud-based solutions for their content delivery needs. The company's technology is also used in video streaming and e-commerce, which opens up even more potential growth opportunities.

9. Roblox Corporation (RBLX)

Ninth on the list is Roblox Corporation, a gaming platform for users to create and play games. It boasts a market capitalization of over $50 billion. The company's platform has also been used for educational purposes, which opens up even more potential growth opportunities. The gaming industry continues to expand, and so does Robox.

10. NIO Inc. (NIO)

Last but not least is NIO Inc., a Chinese electric vehicle manufacturer. It has a market capitalization of over $90 billion and is poised to become more profitable since the demand for electric vehicles continues to rise. The company's focus on user experience and innovative technology has allowed it to stand out in the crowded electric vehicle market.

Conclusion

Investing in up-and-coming technology stocks can be great for portfolio diversification and the potential to reap significant returns in the long term. While these stocks may carry more risk than established technology companies, the value they promise in growth and innovation is worth considering.