Technology is arguably the sexiest, most exciting sector in the market. Technology is behind basically everything in today’s world, and the leading companies in the sector have enjoyed strong gains in recent years.
Technology is involved in every facet of life, but it is ever changing, and only those companies that are able to look ahead and prepare for what is coming next will remain relevant down the road.
Even the strongest companies in any sector are vulnerable to extinction if not able to adapt to current conditions, but this is all the more true in technology, where things can literally change overnight.
Tech stocks are hot, but not without risk. There will always be someone working to build a better mouse trap, and companies can quickly lose their place at the top of the mountain. To successfully invest in tech, you need to find companies that are not only currently market leaders, but have shown the ability to adapt their business models over time. This is a good indication that management has its pulse on the market, and is able and willing to change and adapt.
Here are five such companies.