2 Top Tech Stocks to Buy in November

Core Viewpoint - The technology sector, particularly driven by artificial intelligence (AI), presents significant investment opportunities for the future [1] Group 1: Micron Technology - Micron Technology's stock has seen a decline from a high of $157 to around $100, making its valuation more attractive [3] - The company reported a 93% year-over-year revenue increase in its fiscal 2024 fourth quarter, indicating accelerated growth [4] - Earnings per share have more than doubled compared to the previous year, driven by strong demand from data centers [4] - Micron is shifting production towards higher-margin products, anticipating increased demand from AI and traditional servers [5] - Wall Street analysts project adjusted earnings per share to rise from $1.30 in fiscal 2024 to $8.93 in fiscal 2025 [6] - The stock is valued at 11 times next year's earnings, with an even lower forward P/E ratio of 8 for fiscal 2026, suggesting substantial upside potential [7] Group 2: HubSpot - HubSpot has shown robust growth, with its stock rising 18% since the third-quarter results were reported [8] - Revenue grew by 20% year-over-year on a constant-currency basis in Q3, supported by 10,000 net customer additions [9] - Despite a challenging environment for software providers, HubSpot's performance has been strong, although revenue growth is expected to slow to approximately 16% in Q4 [10] - The company's adjusted operating margin improved from 16.5% in Q3 2023 to 18.7% in Q3 2024, indicating effective pricing strategies and profit growth [11] - The stock's price-to-sales ratio is 14, and it has increased over 2,000% since its IPO in 2014, suggesting continued growth potential [12]