The members of Generation Z, were raised in a technologically advanced society where environmental concerns such as global warming and resource depletion are front of mind.
Generation Z investors often name these seven safe tech companies stocks, which may still have a long way to go in the future.
SolarEdge Technologies (SEDG)
While SolarEdge is still a new, innovative business, early investors have reaped handsome rewards from their stakes. This Israeli manufacturer of photovoltaic inverters and other components was founded in 2006 with the same goal of transforming the world as Tesla.
Tesla (TSLA)
In many respects, Tesla is the best Gen Z stock out there. However, despite the company’s prominence in the media, it was only created in 2003, making it younger than most of the Gen Z investors who control it. On top of that, the corporation is environmentally conscious and invests in projects pushing the boundaries of what’s possible. If purchased at the appropriate moment, the stock has shown its propensity to provide substantial returns for investors.
Square (SQ)
Gen Z was born in an era of rapid technological advancement. In the domain of payment processing, this transformation is particularly apparent. While conventional payment methods like cash and credit cards have been around for decades, new firms like Square are now revolutionizing business.
Pinterest (PINS)
Generation Z is drawn to Pinterest because of its eye-catching visuals and mobile capabilities. For example, every food and home improvement suggestion under the sun can be found on Pinterest, where the “pins” live. In addition to other social media sites like Instagram, it’s a convenient means of obtaining ideas or information, and it’s particularly popular among Generation Z, which also utilizes it for social good.
Booking Holdings (BKNG)
Wanderlust among Generation Z has been sparked by the emergence of “Instagram-worthy” vacation locations. But, like searching for “the next great spot” on social media or mobile devices, the younger generation also prefers to plan vacations online. Priceline and Booking.com, as well as Agoda and Kayak, are all under the control of Booking Holdings, a company that has reaped the benefits of this online booking trend.
Amazon (AMZN)
The online bookstore Amazon has become the go-to site for all a consumer’s shopping needs. For the foreseeable future, many Gen Z buyers will continue to depend on Amazon for their buying requirements. The company’s stock continues to outperform the broader market. Investing $100 in the company’s initial public offering (IPO) in 1997 yielded more than $2.7 million by the middle of this year.
Nvidia Corporation (NVDA)
From online gaming to electric automobiles and GPS systems, Nvidia is the semiconductor firm that drives many of the current products that Generation Z reveres. So when it comes to gaming, self-driving vehicles, and other high-tech gadgets, Nvidia is well positioned to maximize the digital revolution that Generation Z is helping to drive.
