3 Tech Stocks to Buy in October, Starting With Microsoft
If you’re looking for technology stocks to add to your October watch list, there are plenty of names to consider. But Microsoft (NASDAQ: MSFT), Broadcom (NASDAQ: AVGO), and Micron Technology (NASDAQ: MU) stand out as three of the sector’s most interesting names, each benefiting from trends that could drive massive growth for years to come.
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Microsoft is entering October with something investors want to see: evidence that AI is spreading across its massive software ecosystem. Microsoft Cloud continued to grow strongly in its latest quarter, with Azure and its first-party AI applications driving demand. As a result, commercial remaining performance obligations (RPO) also expanded sharply, pointing to a stronger outlook for the company’s cloud revenue.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.