4 Stocks to Buy to Profit from the Growth in the Nanotechnology Market

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The increasing adoption of nanotechnology in medical diagnosis & imaging and other industries, and the emergence of self-powered nanotech devices are anticipated to drive the growth of the nanotechnology industry. Increasing government support should aid this growth. As a result, the global nanotechnology industry is expected to reach $33.63 billion by 2030, growing at a CAGR of $36.4%.

Given this backdrop, it may be prudent to bet on fundamentally sound nanotech stocks Thermo Fisher Scientific Inc. (NYSE:TMO), Intel Corporation (INTC), Applied Materials Inc. (NASDAQ:AMAT), and BASF SE (BASFY) as they are well-positioned to capitalize on the industry’s growth.

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