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2 Digital Transformation Stocks Investors Should Buy Right Now -Breaking

by Mike Robinson

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© Reuters. 2 Stocks in Digital Transformation That Investors Should Purchase Right Now

The digital transformation is not slowing down. Consistent innovations in AI, IoT will accelerate this trend. Therefore, we think it could be wise now to scoop up quality stocks Accenture (ACN) and Cognizant (CTSH), which are witnessing rising demand for their digital-transformation solutions. Let’s discuss.
Many organizations have been compelled to invest significantly in their digital transformations over the last few years due to the advancements made by artificial intelligence (AI), and the Internet of Things. This has allowed them to improve their efficiency. As organizations became more dependent on digital solutions for survival, the COVID-19 crisis accelerated this trend. The pace of digital transformation will not slow down anytime soon, with COVID-19 cases increasing again.

Research and Markets’ report states that global digital transformation will grow at 16.1% annual rate. Furthermore, investors’ interest in digital transformation stocks is evident in the VanEck Vectors ETF Trust – VanEck Vectors Digital Transformation ETF’s (DAPP) 5.4% returns over the past six months.

We believe it would be prudent to place our money on digitally transformable stocks Accenture plc, (NASDAQ:), and Cognizant Tech Solutions Corporation (NASDAQ:).

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