In this piece, we will take a look at the five most profitable technology stocks in 2023. If you want to learn more about recent technology company earnings, then head on over to 15 Most Profitable Tech Stocks in 2023.
5. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Latest TTM Net Income: $31.4 billion (1NT$ = 0.031USD)
The Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturing firm. It’s facing a bit of a tough time as of late since a slowdown in the chip sector has come right at the time when TSMC is expanding its local and global production base.
As of June 2023 end, 121 out of the 910 hedge funds surveyed by Insider Monkey had invested in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Out of these, the firm’s largest investor is Ken Fisher’s Fisher Asset Management since it owns $2.9 billion worth of shares.
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Follow Taiwan Semiconductor Mfg Co Ltd (NYSE:TSM)
4. Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF)
Latest TTM Net Income: $41 billion (1KRW = 0.00075USD)
Samsung Electronics Co., Ltd. (KSE:005930.KS) is one of the biggest technology companies in the world, with lucrative businesses such as semiconductor fabrication, consumer electronics, and biotechnology. Its chip making division is currently in tough competition with TSMC to gain a share in the leading edge markets.
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Follow Samsung Electr-Gdr Reg S
3. Alphabet Inc. (NASDAQ:GOOG)
Latest TTM Net Income: $59.9 billion
Alphabet Inc. (NASDAQ:GOOG) is one of the largest technology companies in the world with lucrative internet, entertainment, enterprise, and other businesses. It is another big tech stock that is rated Strong Buy on average by analysts, and Alphabet Inc. (NASDAQ:GOOG) has one of the biggest artificial intelligence software divisions in the world which lends it a great head start in today’s competitive landscape.
During Q2 2023, 152 out of the 910 hedge funds surveyed by Insider Monkey had bought a stake in Alphabet Inc. (NASDAQ:GOOG). Ken Fisher’s Fisher Asset Management is the company’s biggest stakeholder, through a $5.1 billion stake that comes via 42.2 million shares.
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2. Microsoft Corporation (NASDAQ:MSFT)
Latest TTM Net Income: $67.4 billion
Microsoft Corporation (NASDAQ:MSFT) is the largest software company in the world because of its Windows operating system. The company is currently moving full steam ahead to ensure its bid to acquire video game developer Activision proceeds, and it now plans to transfer the streaming rights of some popular titles to woo regulators.
300 out of the 910 hedge funds part of Insider Monkey’s research had invested in the firm as of June 2023 end. Out of these, Microsoft Corporation (NASDAQ:MSFT)’s largest shareholder is Michael Larson’s Bill & Melinda Gates Foundation Trust since it has invested $13.3 billion in the company’s shares.
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Follow Microsoft Corp (NASDAQ:MSFT)
1. Apple Inc. (NASDAQ:AAPL)
Latest TTM Net Income: $95.1 billion
Apple Inc. (NASDAQ:AAPL) is the most valuable technology company on the planet. The firm’s wisdom in growing its high margin, low cost software portfolio paid off during its second quarter as it managed to beat analyst estimates due to growth in the division.
During Q2 2023, 135 hedge funds among the 910 surveyed by Insider Monkey had bought Apple Inc. (NASDAQ:AAPL)’s shares. Warren Buffett’s Berkshire Hathaway owns 915 million shares in the company, allowing it to hold a $177 billion stake which makes it Apple Inc. (NASDAQ:AAPL)’s biggest investor.
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Disclosure: None. You can also take a look at 100 Biggest Technology Companies in the World and Top 25 Countries with the Most Facebook Users.
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