Cheap Tech Stocks

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Cheap Tech Stocks

Buy These 3 Cheap Tech Stocks For Long Term

What comes to mind when you hear the word 'cheap tech stocks'? Of course, the mind immediately goes to those stocks that are forgotten and left behind.

But today, we are going to look at 3 stocks from the tech sector that are cheap but have massive upside potential. Also, all of these stocks are big names in the US tech sector and have a pretty solid business setup.

Taiwan Semiconductor

The first tech stock is Taiwan Semiconductor (TSM), which runs one of the largest and most advanced semiconductor foundries.

TSMC builds chips for many big names such as AMD, Nvidia, Apple, and so on. As of now, TSMC has a market share of around 68% which makes it a big name.

The data also shows that the Q1 revenue of TSMC jumped by 42% and reached $26 billion. Meanwhile, the expenses of the TSMC declined during that period.

Adobe

The next cheap stock in our list is Adobe (ADBE), which has been around since 1982. The company is famous for its software products such as Illustrator, Photoshop, and Acrobat PDF Reader.

Around 75% of Adobe's revenue comes from these products. On top of that, these products are not new and have been around for more than a decade.

So, there's no doubt that Adobe is an established player in the tech sector and is expected to be around for a long time to come.

Qualcomm

Qualcomm (QCOM) is heavily dependent on China, and the relations between the two countries have raised challenges for the firm.

Also, Qualcomm is likely to lose Apple as one of its clients as the latter has started to produce phone chips on its own.

Despite these challenges, Qualcomm is still a big name in the mobile chips sector. Also, the firm has expanded into other things such as PC chips, IoT, data centers, and so on.

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