Stocks

2 Undervalued Tech Stocks Worthy of Your Portfolio

Published March 18, 2024

Investing in stocks often comes down to recognizing the distinct difference between price and value. While the price represents the cost of purchasing a stock, it's the intrinsic value that can indicate whether an investment will be prosperous in the long term. Keen investors look beyond market volatility and focus on the fundamentals that make a company a durable business. In the tech landscape, despite the sector's reputation for hefty valuations, there still exist bargains that merge technological innovation with sound financials. Two such stocks that stand out for their potential value versus their current market price are AAPL and WMT.

Understanding Apple Inc.'s (AAPL) Value

As a titan in consumer electronics and a leader in innovation, Apple Inc. has continually redefined the tech industry. From its inception, Apple has been about more than just gadgets; it's created an ecosystem that encompasses hardware, software, and services, thereby ensuring continuous revenue streams. Notably, Apple is considered the apex of the tech industry not only for its groundbreaking products but also for its strong financial health. From its commanding revenue in 2020 of $274.5 billion to its status as the world's most valuable company, Apple is a noteworthy component in any tech-focused portfolio. Additionally, as the world's fourth-largest PC and smartphone manufacturer, its influence on the market is undeniable. As of 2021, it is also part of the elite group known as the Big Five alongside major players like Amazon and Google.

Walmart Inc.'s (WMT) Tech-Driven Retail Dominance

Walmart Inc., widely recognized for its massive network of hypermarkets and grocery stores, may not be the first name that comes to mind when thinking about tech stocks. However, this retail giant is a valuable pick for tech investment due to its expanding efforts in the realms of e-commerce and digital innovation. Walmart has embraced technology to refine its operations, boost customer engagement, and claim a significant presence in the online retail space. The company's prowess in logistics and its strategic moves in the tech sphere make WMT a strong contender for investors seeking tech exposure with retail resilience.

investment, value, technology