5 Best Affordable Tech Stocks to Buy Now

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 240

Amazon.com, Inc. (NASDAQ:AMZN) ranks #1 on our list of 14 Best Affordable Tech Stocks to Buy Now given 240 hedge funds in our database owned shares of the e-commerce and cloud computing leader at the end of Q4.

On March 20, Bloomberg reported that Amazon would lay off another 9,000 employees following the layoffs of 18,000 workers beginning last November. Several big tech companies have laid off a substantial percentage of their employees as the economy could potentially slow substantially in 2023. Although its financial results could face headwinds if the economy slows, Amazon.com, Inc. (NASDAQ:AMZN) has long term potential given its leading cloud computing business which could benefit from the increase in AI processing.

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