Companies: 10 Promising Companies to Invest in Technology

The technology sector is growing all over the world: If ten years ago only the oil and gas industry was on the list of the most valuable companies in the world, now it is exclusively technology companies. Together with the Currency.com crypto exchange, we have selected 10 promising companies that could potentially be worth more in the future due to the overall growth of the technology market.

At the same time, Apple, Google, Microsoft, Amazon, and other top companies with huge capitalizations are not on the list. Tesla is not in it either – Elon Musk’s statements lately are too eccentric to believe in the stability of the course of this company.
This article is not a call to action, but rather a recommendation to expand your investment portfolio, because there are not only Alibaba and Facebook in the world.

1. eBay

eBay is the biggest internet-based sell-off website in the United States. Once it was perhaps the largest platform in the States for online trading, but Amazon bypassed it and significantly pulled ahead. However, eBay is doing well and has seen significant growth during the pandemic.

Pros: eBay is one of the highest-grossing companies in the S&P 500. It has grown well amid the pandemic, with revenue of over $10 billion in 2020 and a net income of $2.45 billion.

2. Square

Square is an American company that develops systems for accepting and processing online payments. The pandemic has played into the hands of Square: the company has shown excellent growth in all respects.

Pros: Square generated $3.2 billion in revenue for the year. This is 2.5 times more than in 2019 and three times more than in 2018. In addition, the company manages to increase revenue quarterly: in the first quarter of 2021, it grew by 266% compared to 2020.

3. Roblox

Roblox is a gaming platform that provides users with the ability to create virtual worlds with built-in tools, earn money from them, and play games created by others. We talked about the company in more detail here.
Pros: the company entered the IPO only in March 2021 and immediately reached a capitalization of $45 billion. For comparison, the Epic Games business valuation is about $27 billion. Roblox shows excellent financial results, and its revenue is increasing every quarter.

4. GoDaddy

GoDaddy is a domain registrar, one of the largest in the world. The company earns on the fact that through its service you register a domain name for your site.

Pros: GoDaddy’s business is booming, and not just because of the pandemic. The whole world is moving online: new stores are opening, applications and services are being launched. The company’s revenue in 2020 grew monthly, each quarter was 10-20% better than the previous one. GoDaddy has accumulated funds for development and investment. In general, investors are positive about the future of the company.

5. Jabil

Jabil cannot be called an IT company, but it deserves to be on this list, as it is directly related to technology. It assembles gadgets for other companies. Among its clients are Apple, Amazon, HP, and even Tesla.

Pluses: sales of equipment around the world are growing at an incredible pace. For example, Apple set an absolute sales record for the first quarter of 2021. Thanks to this, Jabil orders are growing – in the end, their business can even be bought to concentrate production facilities within one corporation.

6. AMD

AMD is a major processor manufacturer, one of the world leaders in the market.

Pros: Today, AMD’s business is more profitable than ever. Everyone needs processors and chips. In the first quarter of 2021, the company’s revenue grew by 93% compared to the same quarter of 2020, and net profit tripled. The company feels great and shows excellent financial results.

7. Shopify

Shopify is a service that helps you set up online shopping. One of the biggest and generally well-known on the planet.

Pros: The company is actively developing and in 2021 announced an important partnership with the largest search engine in the world, Google. News of the collaboration pushed the stock up. Shopify is also trusted by large investors and funds that are investing in the future of online sales.

8. Match Group

Match Group is known to most as Tinder: it is the parent company of one of the most popular dating services. It has several similar services and is the leader in this market.

Pros: Investors recommend investing in such services as they have huge potential for growth in the future. The size of the online dating market will only grow.

9. Squarespace

Squarespace’s main service is website development. The service allows you to do this quickly and effortlessly. The company is called a dark horse. No one noticed how a simple business reached a capitalization of billions of dollars.

Pros: As with GoDaddy, Squarespace’s business is growing and growing every year. More and more people are going online, launching websites for their private businesses, be it a bakery or a small business. The potential of such companies is very high.

10. Booking Holding

Booking is one of the most famous accommodation booking services in the world. This is a huge company with not many competitors.

Pros: The pandemic has hit the company hard, but vaccinations and the return of tourism to people’s lives could push it back to growth. Now the company’s shares are considered undervalued.

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