5 Tech Stocks to Buy According to Billionaire Jim Simons’ Renaissance Technologies

4. Zoom Video Communications, Inc. (NASDAQ:ZM)

Renaissance Technologies Stake Value: $694,140,000

Zoom Video Communications, Inc. (NASDAQ:ZM) is a provider of communications technologies. The company provides a user-friendly communication platform and solutions for video meetings, phone conversations, whiteboarding, and annotation, allowing users to interact with anyone, anywhere.

For the second quarter of 2022, Zoom Video Communications, Inc. (NASDAQ:ZM) grew revenue by 8% YoY to $1.0 billion. The company also reported diluted earnings per share of $1.05, beating the consensus estimate by $0.12 as the company improved operating margins significantly during the quarter.

Renaissance Technologies Stake Value in Zoom Video Communications, Inc. (NASDAQ:ZM) at the end of Q2 2022 stood at $694,140,000, making the company rank 4th on our list of 10 Tech Stocks to Buy According to Billionaire Jim Simons’ Renaissance Technologies.