3 Millionaire-Maker Technology Stocks
ASML, Broadcom, and Amazon minted a lot of millionaires.
Many growth-oriented investors flock to the tech sector in search of the next millionaire-maker stocks. But for a stock to churn $10,000 in $1 million, it would need to deliver a 100-bagger gain. Most hot stocks will fail to achieve those kind of life-changing gains, even if they consistently stay ahead of the S&P 500 and Nasdaq.
It's tough to predict which tech stocks will be the next to generate millionaire-making gains. But to see what qualities those candidates might share, we should look back at three tech stocks that minted millionaires over the past few decades: ASML (NASDAQ: ASML), Broadcom (NASDAQ: AVGO), and Amazon (NASDAQ: AMZN).
Image source: Getty Images.
