3 exciting shares benefiting from growing tech trends

Australia may not have the biggest tech sector in the world, but it certainly makes up for that in quality.

Three top tech shares that I think would be great options for investors are listed below. Here’s why I like them:

Altium Limited (ASX: ALU)

I think that Altium is one of the best ways to gain exposure to the rapidly growth Internet of Things (IoT) market. This is because Altium provides a software platform that allows its users to design printed circuit boards (PCB). As IoT/connected devices will generally have a PCB inside them, I expect demand for the company’s award-winning design software will grow strongly over the next decade. This could put Altium in a position to continue growing its top line at an above-average rate for some time to come.

Appen Ltd (ASX: APX)

Another key trend in the technology sector right now is machine learning and artificial intelligence. I think Appen is the best way for Australian investors to gain exposure to this trend. The company provides some of the biggest tech giants in the world with machine learning and artificial intelligence dataset services. Demand has been growing at an incredible rate, most notably in the social media and search categories, leading to management forecasting EBITDA growth of over 62% in FY 2018.

Nextdc Ltd (ASX: NXT)

One final key technology trend that many investors will be aware of is the shift to the cloud. As cloud computing continues to gather pace, demand for data centre services has been growing significantly. I believe this positions NEXTDC perfectly to profit, especially given the quality of its data centres and their prime positions in key markets. Its shares may trade a significant premium to the market average, but I believe they might prove a good buy, even though the company also carries plenty of risks to investors.

Is your portfolio ready for the artificial intelligence boom?

The Rocket Fuel of the AI Boom

One of the world’s richest people is sounding the alarm on what could be a trillion-dollar technology.

Everyone is talking about the artificial intelligence revolution.

Harvard Business Review calls it, “the most important general-purpose technology of our era.”

One Google Insider predicts AI, “will be as transformative as the discovery of electricity.” And it already is transforming industry after industry.

After all we have been hearing about AI for years…but it never really lived up to the hype…so what’s finally unlocked this huge tidal wave of innovation?

Click here to learn more!

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia owns shares of Altium and Appen Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.