Data presented by Buy Shares indicates that sampled top six technology stocks had an average return on investment (ROI) of 352.23%.
The ROI was recorded between September 4th, 2015, and September 4th this year.
Amazon records highest return on investment
The research sampled the ROI of Amazon, Netflix, Microsoft, Apple, Facebook, and Alphabet. From the research, Amazon had the highest ROI at 560.24%. Elsewhere, Alphabet had the least ROI of 164.86%.
The Amazon stock soared in the wake of the Covid-19 pandemic with the demand for e-commerce. Most people turned to online shopping in fear of contracting the virus.
Buy Shares research also identified factors that will spur the growth of technology stocks in the future. According to the research,
“Moving into the future, factors like slow economic growth, low inflation, and low-interest rates will positively impact technology companies. However, despite favorable conditions, technology stocks are still vulnerable to a short-term correction. With the recent stock market crash due to the pandemic, the tech stocks remained resilient rallying the rest of the market.”
The technology sector is mainly made up of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology.
Technology companies’ stock price performance
The research revealed the following return of investment (ROI) in percentage (price in US dollars), from September 4th, 2015, to September 4th, 2020.
|Company||Stock price on September 4th, 2015||Stock price on September 4th, 2020||% growth|
The full story, statistics and information can be found here.