In this article, we will take a look at the 15 best new tech stocks to buy now. You can skip our detailed analysis of the new tech stocks, and go directly to the 5 Best New Tech Stocks to Buy Now.
Financial markets are seeing a flurry of tech IPOs lately. According to a report by FactSet, the volume of IPOs doubled in 2020, presenting a 150% increase from 2019 levels. According to the financial data company, 494 IPOs were recorded in 2020, raising $174 billion.
Though 2020 was a year of uncertainties for most sectors due to the pandemic, investors turned bullish on the tech stocks due to the industry’s ability to adjust according to the new normal. The remote working policy by many major companies allowed the tech stocks to soar and reach new heights. In the past year, NASDAQ-100 Technology Sector gained 42.2%. Moreover, FactSet published a report which suggested that technology companies raised $34.3 billion in 15 IPOs in 2020.