Stock Market Crash: 3 Tech Stocks to Buy and Hold for the Next Decade

The stock market has been on a rollercoaster ride lately, with investors grappling with tariffs, trade wars, inflation, and the looming threat of a recession. The great bull run that began after the pandemic's early days may be coming to an end, but for savvy investors, this volatility presents an opportunity to snatch up high-quality stocks at discounted prices. If the market slumps, certain tech stocks could be great long-term buys. Here are three tech stocks that stand out as resilient investments for the next decade.



1. Salesforce (CRM)

Salesforce is a leader in the Customer Relationship Management (CRM) technology space, with a market capitalization of $197.51 billion. The company's latest innovation, Einstein GPT, is the world’s first generative AI for CRM, which delivers AI-produced content for sales, service, marketing, commerce, and IT interaction at scale. This positions Salesforce at the forefront of AI-driven CRM technology, making it a top pick for investors looking for exposure to the AI-driven future of CRM technology.

Salesforce reported an 11% increase in total revenue and a 44% growth in operating cash flow year-over-year for the fourth quarter of fiscal year 2024. This strong financial performance indicates robust earnings growth and revenue generation. The company's share price has nearly increased by 60% within the past year, indicating strong investor confidence.

2. Nvidia (NVDA)

Nvidia is a leading semiconductor company that produces GPUs for gaming PCs and provides data center infrastructure. Its exposure to the AI industry, particularly in generative AI and related technology, makes it a stock investors should keep a close eye on. Nvidia reported a massive spike in total revenue, which more than tripled, and net income rose by more than eightfold compared to the previous year. Its data center and professional visualization business experienced a 400% and 100% increase in sales year-over-year, respectively. This significant growth in revenue and earnings highlights Nvidia's strong fundamentals.

Nvidia's share price growth has more than tripled due to the growing investor interest in generative AI and related technology. The company's first quarterly dividend to investors, resulting in an annual dividend yield of 0.02% or four cents per share quarterly, further supports its financial strength.

3. ServiceNow (NOW)

ServiceNow operates an automation platform for digital companies in various industries, including telecommunications, manufacturing, and IT services. Its share price has surged by more than 75% due to growing potential within the automation tech and generative AI industries. ServiceNow reported a 26% growth in total revenue compared to the previous year. It raised the future earnings outlook to 24% and 24.5% sales growth year-over-year for the first quarter of 2024. This consistent revenue growth and positive earnings outlook indicate strong fundamentals.

ServiceNow's recent acquisitions, such as NetACE Network Technology and 4Industry, further enhance its automation technology business, making it a strong buy for investors seeking a cutting-edge tech company.

Conclusion

In summary, these three tech stocks—Salesforce, Nvidia, and ServiceNow—are resilient to market crashes and suitable for long-term investment due to their strong fundamentals, competitive advantages, and exposure to high-growth industries such as AI and cloud computing. Despite market volatility, their financial performance and strategic innovations position them for long-term growth. Investors looking to weather the current storm and capitalize on future opportunities should consider adding these tech giants to their portfolios.