Technology stocks rose sharply on Monday, with the NASDAQ 1.86% to a new record high. The rally was led by chipmaker , which jumped more than 11% after announcing a new AI chip. Attention will stay on the tech sector this week as five of the “Magnificent Seven” report their third-quarter earnings.
, , and will report on Wednesday, followed by and on Thursday. With recent optimism around AI investments and strong earnings so far this season, investors expect these companies to post solid results. They are also likely to offer upbeat forecasts, following the trend set by other large tech firms that have already reported
Positive earnings from these major tech firms could lift the entire sector, with some smaller players possibly outperforming the Magnificent Seven. In addition, the cut tomorrow and the potential China-US trade agreement later this week add to the bullish momentum that could keep the tech rally going.
Over the next two days, investors will navigate three major events — the Fed meeting, earnings from five of the world’s biggest companies, and talks between the US and China. Each of these carries strong potential to push markets higher.
10 Large-Cap Tech Stocks Could Climb From +22% to +56%
In short, this may be a good moment to explore opportunities in large US tech stocks. To test this idea, we used the Investing.com screener to search the US market using the following criteria:
- Technology sector
- Capitalization of over $10 billion
- Potential upside of over 20% according to InvestingPro Fair Value, which combines several recognized valuation models.
- Potential upside of over 20% according to analysts’ estimates
This research helps identify large-cap US tech stocks that appear undervalued and have strong support from analysts.
Here are the 10 stocks we were able to identify using these criteria:
More specifically, these stocks are trading 22.4% to 56.2% below their InvestingPro Fair Value, while analysts expect gains of 23.8% to 45.4%.
That said, these are not the only promising opportunities right now. When we expanded our search to smaller-cap tech stocks, we found several names showing triple-digit upside potential based on Fair Value, analyst targets, or both.
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Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk belongs to the investor. We also do not provide any investment advisory services.
