Tech Stocks To Buy

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Tech Stocks To Buy

Tech Stocks To Buy Despite Ai Fears

Are you worried that the AI bubble will eventually pop and leave you in the red? In that case, there are two tech stocks that will even survive the eventual AI crash.

These 2 stocks are Fortinet (FTNT) and Shopify (SHOP). Both of these stocks have a strong business and robust fundamentals. Also, the forecasts and ratings of these two stocks are exceptional.

Shopify

Shopify operates in the e-commerce space and is one of the biggest players. By using the Shopify platform, anyone can set up an online store and start selling within minutes.

The interface of the Shopify platform is very user-friendly and allows even non-technical users to set up a store. This has allowed Shopify to gain a large user base, and today, it is a global leader in e-commerce.

So far, the Shopify stock is up by 25% YTD while its P/E ratio is 89.5. In addition, the P/S ratio of Shopify is around 14.7x. Now, some may say that Shopify looks expensive, but the growth rate of the company totally justifies the valuation.

large portion of the analysts have marked the Shopify stock as a Strong Buy. This is a sign that everyone believes in the long-term potential of the Shopify stock despite the AI fears.

The average price target for the Shopify stock is around $180. So, if you are in search of a stock that will not be hurt by the AI bubble, go for Shopify.

Fortinet

Next up is Fortinet, which works in the cybersecurity space. Once again, their business structure and operations are very stable and will allow them to survive and even grow despite the AI bubble fears.

Fortinet is focusing on building the next generation of firewalls. Meanwhile, their AI-powered solutions are also used by many big names in the industry.

According to analysts, the Fortinet stock price is likely to reach a target of $135. The reason for this is the high demand for hyperscale data centers and state-of-the-art firewalls.

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