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1 Top Tech Stock That's a Top Pick for Canadian Investors in November [Yahoo! Finance Canada]
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There are some wonderful tech companies in Canada, but there just aren't that many of them. While some Canadian firms are generative artificial intelligence (AI) innovators that show tremendous promise, I'm still not against owning them, in addition to some of the high-tech AI plays in the U.S. market. At the end of the day, you want to ensure your portfolio is sufficiently diversified, not just across sectors but geographies. And while the Canadian dollar isn't in the best of shape, I still think some of the deals south of the border are worth consideration, even as some pundits become more cautious over somewhat extended multiples of names in certain corners of the tech scene. In this piece, we'll check in with two U.S. tech stocks that make sense for Canadian investors to consider buying on recent weakness . While it would be best if the loonie were to rally off recent lows (let's say closer to US$0.75), I'd not be against incremental buying over time, not only to average down
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