The technology industry has achieved exponential growth over the past year, backed by accelerating digital transformation and the proliferation of remote lifestyles. The continuing innovations and increasing applications of tech solutions in almost all industries should keep driving the industry’s growth. We think this bodes well particularly for fundamentally sound tech stocks Trimble (TRMB), ZIM Integrated Shipping Services (ZIM), Diodes (NASDAQ:DIOD), and Matson (NYSE:MATX). These company’s innovations could shape the world’s future. So, read on.The technology industry continues to grow with the digital transformation of almost all businesses and the growth of remote lifestyles. According to Forrester’s U.S. Tech Market Outlook By Category For 2021 And 2022 report, the U.S. tech budget is expected to expand by 7.4% in 2021 and 6.7% in 2022.
An increasing dependency on cloud services and the growing popularity of wireless infrastructure have been boosting the industry’s growth. Investors’ interest in tech stocks is evidenced by the Technology Select Sector SPDR Fund’s (XLK) 19.2% gains over the past six months.
Hence, we think it could be wise to bet on quality technology stocks Trimble Inc. (TRMB), ZIM Integrated Shipping Services Ltd. (ZIM), Diodes Incorporated (DIOD), and Matson, Inc. (MATX). These stocks are expected to deliver substantial returns based on consistent innovations, diverse product portfolios, and strong sales growth.