A good number of tech shares have tumbled lower this month following a spot of weakness on the Nasdaq index. I think investors ought to take advantage of this by picking up some shares with a long-term view.
Three quality tech shares that I would consider buying today are listed below. Here's why I like them:
Altium Limited (ASX: ALU)
The shares of this leading printed circuit board (PCB) design software company are down by a sizeable 16% from their 52-week high of $38.49. Given its outstanding long-term growth potential thanks to its leadership position in a market exposed to the rapidly growing Internet of Things boom, I think this is a great time to make a long-term investment in its shares. I would class Altium as a strong buy at these levels.
Appen Ltd (ASX: APX)
Appen is a leader in the development of high-quality, human-annotated training data for machine learning and artificial intelligence. Its shares have fallen 2% today, meaning they are now down 33% from their 52-week high of $32.00. I believe this makes it an opportune time to invest, as I remain confident that Appen will deliver stellar earnings growth over the next decade. This is due to the increasing demand for its services from the quick-growing AI and machine learning markets.
Nearmap Ltd (ASX: NEA)
Finally, another tech share to consider buying is Nearmap. The shares of the leading aerial imagery technology and location data company are down over 41% from their 52-week high of $4.29. As with the others, I think this share price weakness is a buying opportunity for patient investors. Especially given its outstanding growth potential thanks to its high quality product offering, expansions, and massive global market opportunity. Overall, I think it is one of the best buy and hold options on the market.
