Tech stocks you should never fear in turbulent times
Between lingering questions around artificial intelligence and the flare-up of the conflict in the Middle East, the technology sector seems harder to read. During these periods of uncertainty, it is often wise to refocus on established names – companies whose strength and resilience no longer need to be proved.
Apple, the power of the brand
The reputation of the company with the Apple logo needs no introduction. At a time when artificial intelligence is sometimes being questioned by the market, Apple continues to show resilience. Without being an AI pioneer so to speak, the iPhone maker has managed to keep its sales volumes solid, reassuring investors about the strength of its ecosystem. Positioned at the crossroads of technology and luxury, the brand retains a unique pulling power and an ability to build customer loyalty that allows it to absorb sector swings more calmly.
Alphabet, an empire beyond AI
Google’s parent company, Alphabet naturally ranks amongst the most closely watched players since its Gemini model demonstrated its potential. While the group is engaged in the race for artificial intelligence, it primarily rests on a much broader set of activities. From its search engine and browser to YouTube, Alphabet remains an indispensable pillar of the global internet, with platforms used daily by billions of users.
Cloud-and therefore, in part, AI-accounts for only about 15% of revenue. In contrast, Google Services, which includes advertising revenues from its various platforms, still represented close to 85% of revenue for FY 2025. This diversification provides a particularly reassuring foundation in a volatile environment.
Microsoft, diversification as a shield
Often cited in response to the question, “if you could keep only one tech stock, which would you choose?” Microsoft stands out as a must-have. The group relies on its Windows and Android operating systems, its professional suite, its LinkedIn network, as well as businesses as varied as video gaming with Xbox, cloud with Azure, and software development via GitHub.
This sprawling footprint provides valuable diversification in periods of stress. The stock has also already corrected sharply, down 17.92% YTD, which may help rebalance the return/risk trade-off for long-term investors.
Broadcom, between AI and recurring revenue
Broadcom’s growing exposure to artificial intelligence may raise some concerns. Yet the group, historically known for its networking chips, is benefiting from a favorable momentum, notably thanks to the success of the Ironwood chips developed for Google. At the same time, the acquisition of VMware is allowing it to strengthen its infrastructure software business and secure recurring revenue through an SaaS model.
This is compounded by governance reputed for its discipline in M&A operations and for its rigorous management of cash flows. Shareholder returns take the form of a regular and rising dividend, with a current yield of 0.82%, a notable level in the technology universe.
