Strengthen Your Portfolio With These 3 Internet Stocks

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The Internet industry plays a vital role in connecting people and facilitating communication, enabling the seamless flow of information and services that define our digital age. So, I think investors could consider buying quality internet stocks Expedia Group Inc. (EXPE), Chegg, Inc. (CHGG), and trivago N.V. (TRVG) to strengthen their portfolio.

The Internet has granted individuals the incredible ability to seamlessly exchange information and engage in meaningful communication, and remain connected. The internet is a crucial tool for global communication, information, and entertainment, with over half the world’s population connected to it.

The United States stands as a major epicenter of internet usage, boasting a staggering 307 million internet users within its borders. This digital phenomenon has enveloped over 90% of the American population, leaving no facet of daily existence untouched by its transformative influence.

In addition, the Internet of Things (IoT) is advancing, connecting objects and enabling data-driven tasks thanks to 5G, AI, and machine learning. IoT applications range from smartwatches to smart city infrastructure.

This year, the United States is expected to make the most money from the IoT market, with around $172.30 billion in revenue. Within the IoT, the automotive sector is predicted to be the biggest, making about $66.28 billion in the same year. Moreover, The US IoT market is anticipated to expand at a CAGR of 11.50%  to reach $297 billion by 2028.

Furthermore, the introduction of 5G technology is set to revolutionize various industries, including agriculture and healthcare. In the United States, it’s anticipated to contribute $1.50 trillion to the economy by 2025. California stands to gain the most, with a $253 billion boost and 2.39 million jobs, but New York and Texas will also experience significant benefits.

Considering these conducive trends, let’s look at the fundamentals of the three best Internet stocks, starting with number 3.

Stock #3: Expedia Group Inc. (EXPE)

This article was originally published on this site