Las mejores tecnológicas para invertir ahora

Spending and analysis data were updated as of today. Nvidia anticipates its results among the most recommended in a fast-paced sector where Amazon and Microsoft monetize their AI investments, while there are doubts regarding Apple and Meta. The financial market has left behind the phase of AI expectations to enter what analysts call the execution era.

The valuation filter has changed; no longer are promises of the future enough, the market harshly discriminates between those capable of converting investments into real benefits and those that still rely on projections. The increase in US bond yields -the 30-year Treasury bond surpassed 5% -forces the technology sector to justify each dollar invested with tangible cash flow.

The pressure has shifted to finance. The results of the Big Five (Microsoft, Alphabet, Amazon, Meta, and Apple) confirm the inflection point of the cycle and shift business expansion pressure to financing the greatest capacity expansion in recent corporate history, warns Pedro Santa Cruz, director of Freedom24 Iberia. He explains that in the past two years, the market valued these companies for the volume of what they invested, and now begins to question returns.

The railway revolutionized the economy of the 19th century and ruined many of those who financed it. When capital flows simultaneously to the same place, part of it is misallocated for construction, even if the destination is correct, warns Santa Cruz. The market has started to separate those who heavily invest from those who can demonstrate that investment generates income, margins, and cash, points out Fernando Carrasco, expert of Loyal Capital Advisors.

After quarterly results, analysts revise their valuations on techs and, before Nvidia's results on August 26, they praise the leading tech with the most expert support. They follow Amazon and Microsoft, which have shown that billions invested in AI are starting to translate into more demand for their AWS and Azure products, followed by less well-known companies like Broadcom.

In a year where Sandisk, Micron Technology, and Dell shine, surging more than 200% since January, experts believe these three will expand their journey. There are more doubts about Apple, which reminds us that being one of the world's largest companies is not enough and has admitted its lack of AI strategy and overly optimistic expectations.

Meta also moves at a different pace, although it shows strong growth, there are doubts about how long it will take to monetize the massive investment. Alphabet is one of the most bullish stocks this year, with a 20.77% rise, and has a 35% potential revaluation. Waiting for its results at the end of the month, it is a clear buy for more than 96% of the firms following the company.

It is the undisputed leader in providing critical infrastructure. Experts highlight its income generation capacity, which in the last quarter reached $81.6 billion with gross margins near 75%. These are extraordinary businesses, but their prices demand almost perfect execution. The online trading company offers an unequal combination of leadership in cloud computing, logistics automation, digital advertising, and e-commerce, providing multiple growth engines for the next years.

Amazon has over 95% of purchase recommendations and a potential rise close to 25%, adding to its 14.29% outlook for 2026. It has an absolute dominance in cloud computing with AWS, which is accelerating in the fifth quarter with operating margins near 39%. It is not just a cloud provider; it is integrating AI to structurally transform its margins through automation with over a million robots.

Moreover, it has exceptional demand visibility, with much of its capacity for 2027 and 2028 already reserved, explains Manuel Pinto of XTB. The latest results showed that the huge investments in infrastructure are starting to translate into an acceleration of growth and an improvement in business profitability in cloud computing.

The main debate remains the heavy capital expenditure. Amazon plans to invest around $220 billion in infrastructure, a figure that has pressured free cash flow and temporarily elevated debt. Nevertheless, the company still generates a high operating cash flow. It is a recommended value by nearly 90% of investment firms, which consider it undervalued.

Although heavy capital expenditure creates doubts, Esther Gutiérrez de la Torre, analyst of Bankinter, advises buying and gives it a potential of 19% to $704. Meta combines a growing business with several early-stage growth sources that have yet to be monetized, XTB notes. The technology giant uses AI to improve ad personalization and has already generated $75 billion in annualized revenues, showing that it uses AI to improve the profitability of its main business while exploring WhatsApp monetization.

With over 94% of purchase recommendations and a 14% potential revaluation, Microsoft stands out as the best performing tech.