Last Updated on September 23, 2020 by Henry John
Over the past decade, tech stocks have been the bull of the stock market. Stocks like Apple, Amazon, and Microsoft were among the fast-growth stocks of that period.
And that has not changed today. Tech still leads the way. Tech still drives the market. And Tech is still king.
The tech space in itself is broad, and there are different sectors with different growth trajectories, with the fast growing and most promising tech stocks being cloud computing stocks, SaaS stocks, artificial intelligence stocks, self-driving stocks and 5g stocks, among few others.
This year, amidst the pandemic-driven market crash, the major winners have been unsurprisingly tech stocks. The likes of Zoom, Telsa, Amazon and Apple, all of which are tech stocks, were among the major winners in this year’s market so far.
The tech space holds lots of promise for growth seeking investors, and if there is one space to put in your money and expect exponential growth, it will be the technology space.
If you are interested in investing in cheap tech stocks, here are 10 tech stocks under $10 to consider:
1. Vuzix Corporation
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, the Asia-Pacific, Europe, and internationally.
The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.
The company is also developing a binocular AR smart glasses product that provides the user a live, direct, or indirect view of a real-world environment. Its AR wearable display devices are worn like eyeglasses or attach to a head worn mount to view, record, and interact with video and digital content, such as computer data, the Internet, social media, and entertainment applications. In addition, the company offers an app store on its Website, which enables users to download and purchase applications, including third party applications; applications that provide the benefits of smart glasses to users; and Vuzix Remote Assist that offers remote telepresence capabilities.
Further, it provides waveguide optics and design reference kits; custom and engineering solutions; and defense and security products. Vuzix Corporation offers its products directly to enterprise and end users, as well as through specialty retailers, online retailers, distributors, value-added resellers, and Web stores.
The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in 2007. Vuzix Corporation was founded in 1997 and is headquartered in West Henrietta, New York.
2. Nokia Corporation
Nokia Corporation engages in the network and technology businesses worldwide.
The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It focuses on mobile radio including macro radio, small cells, and cloud native radio solutions for communications service providers and enterprises; and provides network planning and optimization, network implementation, and systems integration, as well as company-wide managed services.
The company also offers fixed networking solutions, such as copper and fiber access products, solutions, and services. In addition, it provides network infrastructure and professional services for mobile networks; and managed services for the fixed, mobile, Internet protocol (IP), and optical domains. Further, the company offers network planning, implementation, operation, and maintenance services.
Additionally, it provides IP/optical networking solutions, including IP routing and optical transport systems, software, and services; software solutions, such as customer experience management, network operations and management, communications and collaborations, policy and charging, as well as Cloud, IoT, security, and analytics platforms; and submarine networks and radio frequency systems.
The company has a strategic collaboration with Microsoft. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland.
3. Arcimoto, Inc
Arcimoto, Inc. designs, develops, manufactures, and sells three-wheeled electric vehicles. Its portfolio of electric vehicles includes Fun Utility Vehicle; Rapid Responder for a specialized emergency, security, and law enforcement services; and Deliverator for delivery of goods.
The company was formerly known as WTP Incorporated and changed its name to Arcimoto, Inc. in December 2011.
Arcimoto, Inc. was founded in 2007 and is headquartered in Eugene, Oregon.
4. Blackberry Limited
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide.
The company leverages artificial intelligence and machine learning to deliver solutions in the areas of cybersecurity; safety and data privacy; and endpoint security management, encryption, and embedded systems.
It offers BlackBerry Spark software platform that includes a suite of security software products and services comprising BlackBerry Cylance, BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; and BlackBerry Spark SDK to promote the evolution of a platform ecosystem by enabling enterprise and independent software vendor developers to integrate the security features of BlackBerry Spark into their own mobile and web applications.
BlackBerry Limited also provides BlackBerry Internet of Things (IoT) solutions, including BlackBerry QNX, BlackBerry AtHoc, SecuSUITE, BlackBerry Certicom, BlackBerry Radar, and other IoT applications; and manages and monetizes BlackBerry patents and applications.
As of February 29, 2020, the company owned approximately 38,000 worldwide patents and applications.
BlackBerry Limited has a partnership with the University of Windsor to develop and deliver a cybersecurity curriculum for the university’s graduate master’s program in applied computing.
The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was founded in 1984 and is headquartered in Waterloo, Canada.
Veoneer Inc is a Swedish Auto-parts Company that designs, develops, manufactures and sale automotive safety electronics.
Its product offering cut across Automotive Radars, Night Driving Assist systems, Advanced Driver Assist systems (ADAs), and ADAs software for Highly Automated Driving (HAD) and Autonomous Driving.
If you understand the scope of the self-driving market, looking at Veoneer’s product offering, you could tell that it’s a company that will profit strongly from the self-driving market.
It also provides LiDar sensors, driver monitoring systems and other critical technologies for Highly Automated Driving and Autonomous Driving solutions.
Veoneer is a spin-off from Autoliv’s (world’s largest supplier of automotive safety) electronics and automated driving divisions in 2018. As a result of Autoliv’s strong customer base, Veoneer counts all major global automakers as its customers.
Since it went public at $41 per share, Veoneer stock has been dropping, losing over 70% of its IPO value, hopefully growing demands for autonomous driving supplies could see its stock price take a 180 and start heading north.
6. Xperi Corporation
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, Korea, Japan, Europe, the Middle East, and internationally.
The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
- The Product Licensing segment licenses technologies and intellectual property related to audio, digital radio, and imaging solutions under the DTS, FotoNation, HD Radio, and IMAX Enhanced brands. It delivers software and hardware based solutions combined with various other intellectual property to its customers or to their suppliers. This segment serves consumer electronics product manufacturers.
- The Semiconductor and IP Licensing segment offers license semiconductor packaging and interconnect technologies and related IP to semiconductor companies, foundries, and packaging companies. It develops and licenses 3D semiconductor packaging, interconnect, and bonding solutions for semiconductors that are used in smartphones, tablets, and laptops, as well as servers used in datacenters. This segment also provides engineering services.
The company was formerly known as Tessera Holding Corporation and changed its name to Xperi Corporation in February 2017. Xperi Corporation was incorporated in 1990 and is headquartered in San Jose, California.
7. Lantronix, Inc.
Lantronix, Inc. engages in the provision of secure data access and management solutions for internet of things.
It operates through the following product lines: Internet of Things (loT), Information Technology Management, and Other.
- The Internet of Things (loT) provides network connectivity, and is designed to enhance the value and utility of machines.
- The Information Technology Management includes console management, power management, and keyboard video mouse products.
- The Others consists of non-focus or end-of-life products.
The company was founded by Bernhard Bruscha in June 1989 and is headquartered in Irvine, CA.
8. Blucora, Inc.
Blucora, Inc. engages in the provision of technology-enabled, tax-smart financial solutions. It operates through the Wealth Management, and Tax Preparation segments.
- The Wealth Management segment consists of the operations of Avantax, which provides tax-focused wealth management solutions for financial advisors, tax preparers, certified public accounting firms, and its clients.
- The Tax Preparation segment focuses on digital tax preparation solutions for consumers, small business owners, and tax professionals.
The company was founded by Naveen Mahendra Kumar Jain in March 1996 and is headquartered in Irving, TX.
9. Veritone, Inc (VERI)
Veritone, Inc. provides artificial intelligence (AI) and computing solutions in the United States and the United Kingdom.
It develops and operates aiWARE platform, an AI operating system that integrates and orchestrates a range of cognitive engines to reveal multivariate insights from structured and unstructured data, as well as to conduct cognitive workflows based on these insights.
The company also provides media advertising agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics directly to advertisers through outbound sales networking, and client and partner referrals, as well as indirectly through advertising agencies or marketing consultants.
It serves media and entertainment, legal and compliance, and government markets.
The company was formerly known as Veritone Delaware, Inc. and changed its name to Veritone, Inc. in July 2014. Veritone, Inc. was founded in 2014 and is headquartered in Costa Mesa, California.
10. eGain Corporation (EGAN)
eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally.
It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.
The company’s suite includes various applications for digital interaction, knowledge management, and AI-based process guidance.
It also provides integrated analytics for contact centers and digital properties to measure, manage, and optimize resources.
In addition, the company offers subscription services and customer support services; consulting services, including implementation, custom solution development, and systems integration services; and education services, such as training programs, as well as online tutorial modules.
It serves customers in various industry sectors, including the healthcare, retail, telecommunications, financial services, insurance, outsourced services, technology, utilities, government, manufacturing, and consumer electronics industries.
The company was founded in 1997 and is headquartered in Sunnyvale, California.