As the widespread adoption of digital technologies has been a boon for many industries, the tech sector is thriving, with rapid digitization and the emergence of cutting-edge technologies, the demand for specialized hardware solutions is soaring.
Given the robustness, I believe fundamentally sound tech stocks, Apple Inc. (AAPL – Get Rating), Dell Technologies Inc. (DELL – Get Rating), and Quantum Corporation (QMCO – Get Rating), should be a part of every investor’s watchlist.
Before delving into a detailed comparison of the fundamentals of the featured stocks, let’s first see what’s happening in the technology hardware industry.
The computer hardware segment is a fast and ever-evolving market with several globally recognized players. Furthermore, the global hardware market is projected to reach $164.21 billion by 2027, growing at a CAGR of 7.9%.
On the flip side, there is increasing competition coupled with colossal spending by the firms on research and development for introducing new and innovative products in the market.
Disruptions in the supply chain, negative impacts on the workforce, and ever-increasing demands brought about by the transition to a new way of life have resulted in businesses in the entire electronics value chain evaluating and modifying their operations.
The proliferation of digital technologies has created many opportunities for industries to streamline processes and improve offerings. In order to stay competitive, hardware companies must keep up with innovative technologies to attract consumers.
As Artificial intelligence (AI) continues to proliferate across numerous sectors, the demand for associated hardware is expected to grow. The global artificial intelligence in hardware market size is projected to surpass $89.22 billion by 2030, growing at a CAGR of 27%.
Furthermore, the global IT hardware market is expected to grow at a CAGR of 6.1% between 2022 and 2027. The anticipated robust demand for specialized and high-quality hardware can be attributed to the intensifying reliance on digital devices.
Given this backdrop…
Continue reading at STOCKNEWS.com