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For investors seeking tech stocks to buy, the so-called “FAANG stocks” have dominated the news since 2017. The five companies, Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOG NASDAQ:GOOGL) are now worth $5.7 trillion, or almost 20% of the S&P 500 index. Their massive size, however, makes future expansion far more difficult.
Investors looking for growth in 2021 should instead consider a different set of tech stocks to buy: the “SUMBA” stocks.
The SUMBA companies have equally strong franchises as the FAANG companies. But many are also cheaper, faster-growing and have a higher potential of super-normal returns. All of this makes them more appealing tech stocks to buy now.
While FAANG stocks may struggle through 2021, here are the five tech stocks you should consider instead:
Advanced Micro Devices (NASDAQ:AMD)
Let’s take a look at what makes the SUMBA companies the best tech stocks to buy for long-term gains.
Best Tech Stocks to Buy: Shopify (SHOP)
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The Ottowa-based e-commerce company has had an amazing year thanks to the rise of online shopping. Shares are up 125% for 2020 and show …
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