This post was originally published on this site
Given the increasing reliance on technology, the recently approved $1 trillion bipartisan infrastructure bill has allocated approximately $75 billion to the internet industry. Furthermore, the government plans to invest heavily in technology segments, such as broadband, cybersecurity, and electric vehicles. The global internet services market is expected to grow at a 15.4% CAGR over the next five years to hit $1.40 trillion by 2026.
Thus, if one plans to invest $2,500 right now, we think betting on fundamentally sound internet stocks CarGurus, Inc. (CARG) and Blucora, Inc. (BCOR) could be rewarding. These companies’ robust growth prospects should help their shares deliver substantial returns in the coming months.
