5 Top Tech Stocks to Buy in September 2023: A Comprehensive Guide

Are you looking for the best tech stocks to invest in September 2023? If so, you are not alone. The tech sector has been one of the most popular and profitable sectors in 2023, thanks to the rapid adoption of digital technologies amid the pandemic and the recovery of the global economy. Tech stocks offer investors exposure to innovation, growth, and disruption in various industries, such as cloud computing, e-commerce, gaming, social media, and semiconductors.

However, not all tech stocks are created equal, and some may have more potential than others. In this article, iexclusivenews will look at five top tech stocks that are worth buying in September 2023, based on their financial performance, competitive advantage, and future outlook.

iexclusivenews will also provide you with some tips and strategies on how to research and analyze these tech stocks before making any investment decisions. By the end of this article, you will have a clear idea of which tech stocks to add to your portfolio and why.

Microsoft (MSFT): The Software Giant

Microsoft is a leading software company that provides operating systems, productivity tools, cloud services, gaming platforms, and hardware devices. Microsoft has been delivering strong revenue and earnings growth in recent quarters, driven by the high demand for its cloud offerings, such as Azure, Office 365, and Dynamics 365.

In the fourth quarter of fiscal 2023, Microsoft reported a 21% year-over-year increase in revenue to $46.2 billion and a 47% increase in net income to $16.5 billion. Microsoft also raised its quarterly dividend by 11% and announced a new $60 billion share repurchase program.

Microsoft has a dominant position in the PC and enterprise software markets, as well as a growing presence in the cloud computing and gaming sectors. Microsoft’s cloud business is expected to benefit from the ongoing digital transformation of businesses and consumers, as well as the launch of new products and services, such as Windows 365, Microsoft Cloud for Sustainability, and Azure Orbital.

Windows 365 is a cloud-based service that allows users to access their Windows desktops from any device. Microsoft Cloud for Sustainability is a platform that helps customers measure and reduce their carbon footprint.

Azure Orbital is a service that enables customers to communicate with satellites and process data from space. Microsoft’s gaming business is also poised to grow with the popularity of its Xbox Series X|S consoles, Xbox Game Pass subscription service, and cloud gaming platform xCloud.

Xbox Series X|S are the latest generation of gaming consoles that offer high performance and compatibility. Xbox Game Pass is a service that gives users access to over 100 games for a monthly fee. xCloud is a service that allows users to stream games from the cloud to their devices. Microsoft is also investing in emerging technologies, such as artificial intelligence (AI), quantum computing, mixed reality (MR), and blockchain.

Microsoft is trading at a forward price-to-earnings ratio of 34.6, which is reasonable considering its growth prospects and profitability. Microsoft has a trailing 12-month return on equity of 40.6%, which indicates its ability to generate value for shareholders. Microsoft also pays a dividend yield of 0.8%, which adds to its appeal as a long-term investment.

Amazon (AMZN): The E-commerce Behemoth

Amazon is a leading e-commerce company that also provides cloud computing, digital streaming, artificial intelligence (AI), and smart home devices. Amazon has been posting impressive revenue and earnings growth in recent quarters, driven by the surge in online shopping and cloud adoption amid the pandemic.

In the second quarter of 2023, Amazon reported a 27% year-over-year increase in revenue to $113.1 billion and a 48% increase in net income to $7.8 billion. Amazon also announced several new initiatives and partnerships, such as the acquisition of MGM Studios, the launch of Amazon Pharmacy in India, and the collaboration with Salesforce on voice technology.

Amazon has a dominant position in the e-commerce and cloud computing markets, as well as a strong presence in the digital streaming and smart home sectors. Amazon’s e-commerce business is expected to benefit from its loyal customer base, Prime membership program, vast product selection, fast delivery network, and international expansion.

Prime is a service that offers users free shipping, video streaming, music streaming, and other benefits for an annual or monthly fee. Amazon’s cloud business is expected to benefit from its leading market share, diversified customer base, innovation capabilities, and expansion into new regions and industries.

Amazon Web Services (AWS) is the world’s largest cloud provider that offers a range of services, such as computing, storage, database, analytics, AI, and IoT. Amazon’s digital streaming business is expected to benefit from its original content production, live sports broadcasting, and integration with Prime Video Channels.

Prime Video is a service that offers users access to thousands of movies and TV shows, including exclusive originals, such as The Boys, The Marvelous Mrs. Maisel, and The Underground Railroad. Prime Video also streams live sports events, such as the NFL, the Premier League, and the ATP Tour.

Prime Video Channels is a service that allows users to subscribe to third-party streaming services, such as HBO, Showtime, and Starz. Amazon’s smart home business is expected to benefit from its popular Echo devices, Alexa voice assistant, and partnerships with other device makers.

Echo is a line of smart speakers and displays that enable users to control their smart home devices, play music, ask questions, and more. Alexa is a voice-based AI assistant that powers Echo devices and other compatible devices.

Amazon also partners with other device makers, such as Samsung, LG, and Lenovo, to integrate Alexa into their products. Amazon is also investing in emerging technologies, such as autonomous vehicles, satellite internet, and healthcare.

Amazon is trading at a forward price-to-earnings ratio of 59.9, which is high but justified by its growth potential and competitive moat. Amazon has a trailing 12-month return on equity of 24.1%, which indicates its ability to generate value for shareholders. Amazon does not pay a dividend, but it has been repurchasing its shares to boost its earnings per share.

NVIDIA (NVDA): The GPU Leader

NVIDIA is a leading semiconductor company that provides graphics processing units (GPUs), systems on chips (SoCs), and software platforms for gaming, data center, automotive, and professional markets.

NVIDIA has been delivering stellar revenue and earnings growth in recent quarters, driven by the high demand for its GPUs and SoCs for gaming, Artificial intelligence (AI), cloud computing, and cryptocurrency mining.

In the second quarter of fiscal 2023, NVIDIA reported a 68% year-over-year increase in revenue to $6.5 billion and a 276% increase in net income to $2.4 billion. NVIDIA also announced several new products and partnerships, such as the GeForce RTX 30 series laptops, the NVIDIA Grace CPU for data centers, the NVIDIA Omniverse platform for 3D simulation and collaboration, and the collaboration with Google Cloud on AI and 5G.

NVIDIA has a dominant position in the GPU market, as well as a growing presence in the SoC and software sectors. NVIDIA’s GPU business is expected to benefit from its technological leadership, strong gaming portfolio, and expanding use cases in AI, cloud, and crypto. NVIDIA’s GPUs are the most advanced and influential in the industry, offering high performance and efficiency for various applications.

NVIDIA’s gaming portfolio includes popular titles, such as Fortnite, Call of Duty, and Cyberpunk 2077, that leverage its ray tracing and DLSS technologies. NVIDIA’s GPUs are also widely used for AI training and inference, cloud gaming and graphics, and cryptocurrency mining. NVIDIA’s SoC business is expected to benefit from its acquisition of Arm, which will enable it to offer integrated solutions for edge computing and IoT. Arm is a leading chip designer that provides low-power and high-performance architectures for various devices, such as smartphones, tablets, laptops, and servers.

NVIDIA plans to combine its AI and GPU expertise with Arm’s CPU and IoT capabilities to create new products and platforms for various markets. NVIDIA’s software business is expected to benefit from its platforms and tools for developers and creators, such as CUDA, TensorRT, Jarvis, and Canvas. CUDA is a parallel computing platform that enables developers to use GPUs for general-purpose programming.

TensorRT is an inference platform that optimizes and deploys AI models on GPUs. Jarvis is an AI framework that enables developers to build conversational applications using natural language processing (NLP) and computer vision (CV). Canvas is an app that allows users to create realistic landscapes using AI-powered brushes. NVIDIA is also investing in emerging technologies, such as quantum computing, augmented reality (AR), and robotics.

NVIDIA is trading at a forward price-to-earnings ratio of 51.9, which is highly justified by its growth prospects and innovation capabilities. NVIDIA has a trailing 12-month return on equity of 29.7%, which indicates its ability to generate value for shareholders. NVIDIA also pays a dividend yield of 0.1%, which adds to its appeal as a long-term investment.

Meta Platforms (META): The Social Media Pioneer

Meta Platforms, formerly known as Facebook, is a leading social media company that also provides messaging, digital advertising, virtual reality (VR), and cryptocurrency services. Meta Platforms has been posting solid revenue and earnings growth in recent quarters, driven by the increase in user engagement and ad revenue amid the pandemic.

In the second quarter of 2023, Meta Platforms reported a 56% year-over-year increase in revenue to $29.1 billion and a 101% increase in net income to $10.4 billion. Meta Platforms also announced several new initiatives and partnerships, such as the rebranding to Meta Platforms, the launch of Horizon Workrooms for remote collaboration, the expansion of Shops and Marketplace for e-commerce, and the collaboration with Ray-Ban on smart glasses.

Meta Platforms has a dominant position in the social media and digital advertising markets, as well as a strong presence in the messaging and VR sectors. Meta Platforms’ social media business is expected to benefit from its large and loyal user base, diversified portfolio of platforms, such as Facebook, Instagram, WhatsApp, and Messenger, innovative features, such as Reels, Stories, Live, and Watch, and social impact initiatives, such as Community Help, Blood Donations, and Climate Science Information Center.

Reel is a feature that allows users to create and share short videos with music and effects. Stories is a feature that allows users to share ephemeral photos and videos with their friends. Live is a feature that allows users to broadcast live videos to their followers. Watch is a feature that allows users to discover and watch videos from various creators and publishers.

Community Help is a feature that allows users to request or offer help during crises. Blood Donations is a feature that allows users to find nearby blood donation centers and events. Climate Science Information Center is a feature that provides users with authoritative information and resources on climate change.

Meta Platforms’ digital advertising business is expected to benefit from its leading market share, targeted ad network, robust ad formats, such as News Feed, Stories, Audience Network, and Instant Articles, and measurement tools, such as Conversion Lift and Attribution.

News Feed is a feature that shows users personalized content from their friends, groups, pages, and advertisers. Audience Network is a network that allows advertisers to extend their reach beyond Meta Platforms’ platforms to other apps and websites. Instant Articles is a feature that allows publishers to create fast-loading and interactive articles for mobile users.

Conversion Lift is a tool that measures the incremental impact of ads on business outcomes. Attribution is a tool that measures the performance of ads across different channels and devices. Meta Platforms’ messaging business is expected to benefit from its integration of WhatsApp, Messenger, and Instagram Direct, its monetization of WhatsApp Business and Messenger Business Chat, and its development of end-to-end encryption and interoperability.

-WhatsApp is a messaging app that allows users to send text, voice, and video messages, as well as make voice and video calls, to their contacts.

-Messenger is a messaging app that allows users to send text, voice, and video messages, as well as make voice and video calls, to their friends and businesses.

-Instagram Direct is a messaging feature that allows users to send text, voice, and video messages, as well as share photos and videos, to their followers or groups.

-WhatsApp Business is a service that allows businesses to create profiles, communicate with customers, and sell products on WhatsApp.

-Messenger Business Chat is a service that allows businesses to communicate with customers, provide customer service, and accept payments on Messenger.

-End-to-end encryption is a security feature that ensures that only the sender and receiver can read the messages.

-Interoperability is a feature that allows users to send messages across different platforms, such as WhatsApp, Messenger, and Instagram Direct Meta Platforms’ VR business is expected to benefit from its popular Oculus devices,

-Quest 2 and Rift S, its immersive content production, such as Oculus Studios and Oculus TV, and its expansion into new domains, such as education and healthcare.

-Quest 2 is a standalone VR headset that offers high resolution, fast performance, and wireless freedom.

-Rift S is a PC-powered VR headset that offers high fidelity, precise tracking, and ergonomic design.

-Oculus Studios is a division that produces exclusive VR games and experiences, such as Medal of Honor: Above and Beyond, Lone Echo II, and Resident Evil 4 VR. – Oculus TV is a platform that streams VR content from various partners, such as Netflix, Hulu, and YouTube VR.

Meta Platforms is also investing in emerging technologies, such as augmented reality (AR), cryptocurrency, and neural interfaces. –Meta Platforms is trading at a forward price-to-earnings ratio of 24.4, which is low compared to its peers and reflects its growth potential and competitive moat. Meta Platforms has a trailing 12-month return on equity of 27.6%, which indicates its ability to generate value for shareholders. Meta Platforms does not pay a dividend, but it has been repurchasing itsOShares to boost its earnings per share.

 Taiwan Semiconductor Manufacturing Company (TSM): The Chip Maker

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading semiconductor foundry that provides contract manufacturing services for various chip designers and end markets. TSMC has been posting robust revenue and earnings growth in recent quarters, driven by the high demand for its advanced technologies, such as 5-nanometer and 3-nanometer processes, for applications such as smartphones, high-performance computing, and automotive.

In the second quarter of 2023, TSMC reported a 28% year-over-year increase in revenue to $13.3 billion and a 36% increase in net income to $5.4 billion. TSMC also announced several new investments and partnerships, such as the expansion of its production capacity in Taiwan, China, and the US, the development of its next-generation 2-nanometer process, and the collaboration with AMD, Apple, and Qualcomm on chip design and spply .

TSMC has a dominant position in the semiconductor foundry market, as well as a strong presence in the chip design and supply sectors. TSMC’s foundry business is expected to benefit from its technological leadership, diverse customer base, and economies of scale. TSMC’s technologies are the most advanced and efficient in the industry, offering high performance and low power consumption for various applications.

TSMC’s customers include some of the world’s leading chip makers, such as AMD, Apple, Qualcomm, NVIDIA, and Intel, who rely on TSMC for their chip production. TSMC’s scale enables it to achieve high utilization rates, lower costs, and faster time-to-market for its products. TSMC’s chip design and supply business is expected to benefit from its close relationships with leading chip makers, such as AMD, Apple, and Qualcomm,

Its innovation capabilities, such as its CoWoS and InFO packaging technologies, and its expansion into new segments, such as AI, IoT, and 5G. CoWoS and InFO are packaging technologies that enable higher performance and functionality for chips by stacking them vertically or horizontally. TSMC is also investing in emerging technologies, such as nanoelectronics, biotechnology, and green energy.

TSMC is trading at a forward price-to-earnings ratio of 29.9, which is reasonable considering its growth prospects and profitability. TSMC has a trailing 12-month return on equity of 31.9%, which indicates its ability to generate value for shareholders. TSMC also pays a dividend yield of 1.6%, which adds to its appeal as a long-term investment.

How to Research and Analyze Tech Stocks

Now that you have learned about the five top tech stocks to buy in September 2023, you may be wondering how to research and analyze them before making any investment decisions.

Here are some tips and strategies that can help you:

– Use reliable sources of information, such as company websites, annual reports, press releases, earnings calls, and analyst reports. You can also use web search tools, such as Bing, to find relevant information and news about the tech stocks you are interested in.

– Compare the financial performance and valuation metrics of the tech stocks with their peers and industry averages. Some of the key metrics to look at are revenue, earnings, profit margin, return on equity, price-to-earnings ratio, price-to-sales ratio, and dividend yield. You can also use tools, such as stock screeners and calculators, to filter and compare the tech stocks based on your criteria.

– Evaluate the competitive advantage and future outlook of the tech stocks. Some of the factors to consider are market share, customer loyalty, product portfolio, innovation capabilities, growth potential, and risk factors. You can also use tools, such as SWOT analysis and Porter’s five forces analysis, to assess the strengths, weaknesses, opportunities, and threats of the tech stocks in their respective markets.

– Diversify your portfolio with different types of tech stocks that have other risk-return profiles. Some of the kinds of tech stocks are growth stocks, value stocks, dividend stocks, and speculative stocks.

Growth stocks are tech stocks that have high growth potential but may be overvalued or unprofitable. Value stocks are tech stocks that are undervalued or overlooked but have solid fundamentals and profitability.

Dividend stocks are tech stocks that pay regular dividends to their shareholders and offer stable returns. Speculative stocks are tech stocks that have high risk but high reward potential due to their volatility or uncertainty. You can also use tools, such as portfolio trackers and analyzers, to monitor and optimize your portfolio performance and risk.

In conclusion, these five tech stocks are the best ones to buy in September 2023, based on their financial performance, competitive advantage, and future outlook. These tech stocks offer investors exposure to innovation, growth, and disruption in various industries, such as cloud computing, e-commerce, gaming, social media, and semiconductors.

These tech stocks also have strong profitability, shareholder value, and dividend potential. Investors who are looking for tech stocks that can deliver consistent returns and outperform the market should consider adding these five tech stocks to their portfolio.

However, investors should also be aware of the risks and challenges that these tech stocks may face, such as regulatory scrutiny, competition, cybersecurity, and supply chain issues. Therefore, investors should do their own research and analysis before making any investment decisions.

We hope you enjoyed this article and found it useful and informative. If you have any questions or feedback, please feel free to leave a comment below. Thank you for reading and happy investing! 😊