20 cheap tech stocks set for fastest growth to 2028

TL;DR

MarketWatch screens 20 S&P 500 tech stocks with highest projected sales growth through 2028 amid sector's cheap valuations.[[1]](https://www.marketwatch.com/story/these-20-stocks-in-the-now-cheap-tech-sector-are-positioned-for-the-fastest-growth-through-2028-8c69087c)
S&P 500 IT sector forward P/E at lowest relative to 5-year averages among all sectors; top picks include Palantir, Oracle, Broadcom, AMD, AppLovin, Arista.[[2]](https://www.marketwatch.com/story/these-20-stocks-in-the-now-cheap-tech-sector-are-positioned-for-the-fastest-growth-through-2028-8c69087c?mod=home_ln)[[3]](https://www.morningstar.com/news/marketwatch/20260414109/these-20-stocks-in-the-now-cheap-tech-sector-2)
Offers investors high-growth opportunities in undervalued tech as IT revenue CAGR seen at 17.7% vs S&P 500's 7.7% through 2028.[[3]](https://www.morningstar.com/news/marketwatch/20260414109/these-20-stocks-in-the-now-cheap-tech-sector-2)

The story at a glance

MarketWatch columnist Philip van Doorn highlights 20 stocks in the S&P 500 information-technology sector set for the fastest sales growth from 2026 through 2028. The sector trades at its lowest forward P/E relative to five-year averages compared to other S&P sectors, making these high-growth names attractive. This comes as tech faces pressure in 2026 but analysts project strong revenue expansion driven by AI and data centers.[[1]](https://www.marketwatch.com/story/these-20-stocks-in-the-now-cheap-tech-sector-are-positioned-for-the-fastest-growth-through-2028-8c69087c)[[4]](https://www.moomoo.com/news/post/68294862/these-20-stocks-in-the-now-cheap-tech-sector-are)

Key points

Article screens S&P 500 IT sector stocks for highest estimated three-year sales compound annual growth rates (CAGR) through 2028, focusing on those with reasonable forward P/E ratios.[[3]](https://www.morningstar.com/news/marketwatch/20260414109/these-20-stocks-in-the-now-cheap-tech-sector-2)
IT sector overall projects 17.7% weighted revenue CAGR 2026-2028, far above S&P 500's 7.7%; top 20 stocks show even faster growth, like Oracle at 42.1% sales CAGR.[[4]](https://www.moomoo.com/news/post/68294862/these-20-stocks-in-the-now-cheap-tech-sector-are)[[3]](https://www.morningstar.com/news/marketwatch/20260414109/these-20-stocks-in-the-now-cheap-tech-sector-2)
Examples from list: Palantir (PLTR), Oracle (ORCL, forward P/E 19.6), Broadcom (AVGO, 35.5% CAGR, forward P/E 25.7), AMD, AppLovin (APP), Arista Networks (ANET).[[2]](https://www.marketwatch.com/story/these-20-stocks-in-the-now-cheap-tech-sector-are-positioned-for-the-fastest-growth-through-2028-8c69087c?mod=home_ln)[[1]](https://www.marketwatch.com/story/these-20-stocks-in-the-now-cheap-tech-sector-are-positioned-for-the-fastest-growth-through-2028-8c69087c)
Six top stocks have lower forward P/Es than end-2025; seven saw rises due to chip shortages for AI data centers.[[3]](https://www.morningstar.com/news/marketwatch/20260414109/these-20-stocks-in-the-now-cheap-tech-sector-2)
Published April 14, 2026; tech valuations declined significantly YTD for large names.[[1]](https://www.marketwatch.com/story/these-20-stocks-in-the-now-cheap-tech-sector-are-positioned-for-the-fastest-growth-through-2028-8c69087c)

Details and context

The screen targets IT stocks with strong projected sales growth while the sector appears undervalued—forward P/E lowest vs history amid 2026 market pressures like AI spending concerns and chip supply issues.[[1]](https://www.marketwatch.com/story/these-20-stocks-in-the-now-cheap-tech-sector-are-positioned-for-the-fastest-growth-through-2028-8c69087c)

Many fast-growers are hardware-related (e.g., AMD, Broadcom for chips), but software like Palantir and Oracle also rank high; AI data center buildout supports demand despite recent stock pullbacks.[[3]](https://www.morningstar.com/news/marketwatch/20260414109/these-20-stocks-in-the-now-cheap-tech-sector-2)

Part 2 notes trend buckers with rising P/Es from AI hype, contrasting broader sector cheapness; full list not fully public but emphasizes growth over current valuation alone.[[3]](https://www.morningstar.com/news/marketwatch/20260414109/these-20-stocks-in-the-now-cheap-tech-sector-2)

Key quotes

"The top six companies on the list all have lower forward P/E ratios than they did at the end of 2025." — Philip van Doorn, MarketWatch[[3]](https://www.morningstar.com/news/marketwatch/20260414109/these-20-stocks-in-the-now-cheap-tech-sector-2)

Why it matters

Tech's relative cheapness sets up potential outperformance as AI and data needs drive revenue well above market averages.

Investors get exposure to projected leaders like PLTR, ORCL, AVGO at discounted multiples vs history, balancing growth and value.

Watch quarterly earnings and chip supply updates, as AI capex could lift or derail projections if economic headwinds grow.[[3]](https://www.morningstar.com/news/marketwatch/20260414109/these-20-stocks-in-the-now-cheap-tech-sector-2)