3 “Digital Twin” Stocks for Your Portfolio
Growth in the Internet of Things is spurring interest in digital twins. Here's how you can make money from it:
Growth investors hunting for long-term investment themes to profit from should take a look at the Internet of Things (IoT), and specifically so-called "digital twins." They represent one of the most exciting under-the-radar investing ideas for the coming decade. Here's what they are, why they matter, and how you can buy stocks to play the theme.
The stock investment community has discovered Digital Twins:
“The best way to play the theme is probably to buy the software companies that facilitate the creation of digital twins. Three names that spring to mind are engineering simulation company ANSYS (NASDAQ:ANSS), IoT platform provider PTC Inc. (NASDAQ:PTC) and engineering software company Dassault Systemes (NASDAQOTH:DASTY).”