Tech companies are always among the biggest draw for investors, particularly with recent trends having driven share prices up at a disproportionate rate to associated earnings.
This also highlights the appeal of global indices such as the S&P 500, Nasdaq and FTSE 100, which are packed full of exciting tech stocks and considered to be excellent gauges of sentiment and trends within the marketplace.
Certainly, indices trading is cheaper and more accessible than investing in single stocks, but you still need to identify the best equities and the main indices on which they feature. The most innovative companies are often best for investors, so here are some of the most advanced and forward-thinking operators on the market.
#1. Apple (AAPL)
Let’s start with the basics; as smartphone and tablet giant Apple (AAPL) remains the single most innovative firm in the world as of 2021.
Certainly, Apple is one of the tech brands that has responded best to the rising demand for digital transformation in the commercial space, with an impressive 75% of CEOs making this their core priority this year.
Unsurprisingly, Apple (which trades primarily on the NASDAQ 100), also boasts the highest market capitalisation value in the world, with this estimated to be in the region of $2.25 trillion as of April of this year.
#2. Amazon (AMZN)
Next up is another NASDAQ 100 stock, and one that has helped to launch and revolutionise the burgeoning ecommerce space since its inception in the late 1990s.
Now an increasingly dominant ecommerce force (and one that also branched into live sports and drama streaming), Amazon continues to innovate year-on-year, reacting to market trends and identifying products to help capitalise.
Overall, Amazon has built a company that supports the fourth largest market cap valuation in the world, with this estimated to be around $1.71 trillion as of April 2021.
This has since tipped over the $1.8 trillion mark, suggesting that Amazon is continuing to grow at a relatively exponential rate.
As we can see, the NASDAQ 100 is relatively quick on the uptake when it comes to embracing and listing high-tech and innovative stocks such as Tesla (TSLA), although the S&P 500 has also moved to embrace this particular equity more recently.
Tesla is also an incredibly innovative firm in the electric and autonomous vehicle space. With the company established as the clear market leader and one that has released a number of electric vehicles that combine efficiency with high performance.
Tesla is currently the eighth largest firm by the metric of market capitalisation, with this estimated at a little over $710 billion as of April of this year.
This value has since increased markedly to more than $1.027 trillion, despite a recent share price depreciation of around 10%.