3 Smartest Tech Stocks to Buy With $1000 Right Now

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By Lee Jackson Updated Published
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3 Smartest Tech Stocks to Buy With $1000 Right Now

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For younger investors or those on a tight budget, investing to generate solid stock market gains can be daunting because many top technology stocks trade anywhere from $25 to over $100 per share and more. Realizing any significant return on investment can be challenging with a small investing capital base of $1,000.

We screened our 24/7 Wall St. database of tech stocks, looking for solid, lower-priced stocks that pay and that investors can purchase to start generating positive returns. 

Three top companies hit our screens, and all are valuable ideas for investors looking to grab the three smartest tech stocks to buy with $1,000 right now. All have Buy ratings at major Wall Street firms and have huge potential upside. 

QuantumScape

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QuantumScape is an American company that develops solid state lithium metal batteries for electric cars.

Trading just above a 52-week low, this tech stock has been rumored to be a takeover candidate in the EV arena. QuantumScape Corp. (NYSE: QS) is a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. 

The company’s next-generation solid-state lithium-metal battery technology is designed to enable greater energy density, faster charging, and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future.

QuantumScape developed the industry’s first anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing. 

The company’s innovative battery cell technology can store energy more efficiently and reliably than today’s lithium-ion batteries.

SoundHound AI

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SoundHound’s independent voice AI platform is built for more natural conversation.

Revenue surged for this tech stock in the first quarter and could be poised for a repeat in the second quarter. SoundHound AI Inc. (NASDAQ: SOUN) develops independent voice artificial intelligence (AI) solutions that enable businesses across automotive, TV, Internet of Things, and customer service industries to deliver high-quality conversational experiences to their customers.

Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as:

  • Application Programming Interfaces (API) for text and voice queries, support for custom commands
  • Extensive library of content domains
  • Inclusive software development kit platforms
  • Collaboration capabilities, diagnostic tools, and built-in analytics
  • SoundHound Chat AI integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and
  • SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant

The company’s products also include:

  • CaiNET software that uses machine learning to enhance how domains work together to handle queries
  • CaiLAN software that arbitrates responses so users get answers from the right domain
  • Dynamic Interaction a real-time, multimodal customer service interface
  • Smart Ordering which offers an easy-to-understand voice assistant for restaurants
  • Employee Assist; automatic speech recognition; natural language understanding; wake words; custom domains; text-to-speech; and embedded voice solutions

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United Microelectronics

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United Microelectronics, founded in 1980, was Taiwan’s first semiconductor company.

This Taiwanese semiconductor company offers massive total return potential with a 5.29% dividend and trades below $10. United Microelectronics Corp. (NYSE: UMCoperates as a semiconductor wafer foundry in:

  • Taiwan
  • China
  • Hong Kong
  • Japan
  • Korea
  • the United States
  • Europe
  • Elsewhere

The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers. 

United Microelectronics recently announced the availability of its 22 nanometer embedded high voltage (eHV) technology platform, the most advanced display driver IC foundry solution in the market to power premium displays for smartphones and other mobile devices.

With unmatched power efficiency and reduced die size, the new platform, 22eHV, enables mobile device manufacturers to enhance battery life of their products while offering superior visual experiences.

 

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About the Author Lee Jackson →

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.

Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.

Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

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