Technology Sector Poised for Growth as Low-Priced Stocks Attract Investors

The technology sector is expected to continue its upward trend in 2024, driven by the increasing investment in artificial intelligence (AI), cloud computing, and cybersecurity.

Recent trends indicate a significant shift towards AI, with 65% of companies now regularly utilizing generative AI, according to the latest McKinsey Global Survey on AI. The adoption of AI is also expected to rise from around 50% to 72% over the past year.

Technology-oriented stocks are set to achieve another impressive year by the end of 2024, with the S&P 500 Communication Services and Information Technology index rising over 40% year-to-date. While technology stock performance slowed down in the third quarter of 2024, it regained momentum in the fourth quarter.

Investors are attracted to the tech sector due to its innovative nature, which provides a competitive edge across various industries. According to Terry Sandven, chief equity strategist with U.S. Bank Asset Management, technology is crucial for improving speed and efficiency in diverse sectors.

To compile our list of the 10 best low-priced technology stocks to buy now, we used the Finviz stock screener and sorted our results based on market capitalization and picked the top 25 technology companies with a share price of under $10 as of December 24, 2024. Next, we focused on the top 10 stocks most favored by institutional investors.

Sabre Corporation (NASDAQ:SABR) stands out among other low-priced technology stocks, with its innovative AI-powered platform, SabreMosaic, designed to modernize airline retailing. The company has also announced key partnerships with major clients and introduced a user-friendly interface for travel agents, Sabre Red Launchpad.

Overall, Sabre Corporation (NASDAQ:SABR) ranks 9th on our list of the best low-priced technology stocks to buy now, reflecting its promising growth prospects in the evolving travel technology sector.