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3 Tech Stocks That Are Generating Great Margins By StockNews


© Reuters. 3 Tech Stocks That Are Generating Great Margins

The demand for advanced technology solutions is expected to remain high in upcoming months due to a resurgence of COVID-19 cases which is extending work-from-home for many companies. Moreover, since the demand is expected to keep rising with the continued digital transformation in almost every industry, it could be wise to bet on high-margin tech stocks such as Gartner (NYSE:), Qorvo (NASDAQ:), and Silicon Motion Technology (NASDAQ:).As the Delta coronavirus variant continues to wreak havoc across several parts of the world, many companies have been extending their remote work into 2022. For example, last month, Alphabet Inc.’s (NASDAQ:) CEO said that the company is extending its voluntary return-to-office policy through January next year due to uncertainties surrounding COVID-19. In the short term, this could increase demand for high-tech solutions.

The industry is expected to grow in the coming months due to continued advancements in artificial intelligence, the internet of things (IoT), as well as the cloud. Research and Markets reports that the market for IT services worldwide will grow by 8.02% and reach $1.12 trillion in 2026.

You might be smart to place your bets on tech stocks such Gartner, Inc., Qorvo, Inc., and Silicon Motion Technology Corporation. These tech stocks have solid profits margins and should deliver strong returns in the coming months.

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