There is an estimated $2.5 trillion in stranded corporation cash overseas is brought back home; this could change based on our newly-elected President's promises, says Bret Jensen, editor of The Growth Stock Advisor.

Two of my favorite tech stocks are among the top 10 companies sitting with the most cash overseas.

The first company, Qualcomm (QCOM), has moved up on my list because of a recent deal it announced. It is spending some of that overseas cash to purchase NXP Semiconductors (NXP) in a $47 billion deal.

Qualcomm is the dominating player in chips for mobile devices. But with growth in the smartphone market stagnating, investors became worried that its growth era was over.

With the NXP deal, in one bold stroke, Qualcomm has positioned itself to become the dominant force in chips for the automotive market.

NXP is a leading maker of microcontrollers that handle the newly sophisticated automotive systems. Its chips are also used in a number of industrial applications and devices. Its security technology is used for mobile payments.

So Qualcomm is getting growth in the deal and it paid a relative bargain price for NXP, only 4.8 times next year’s revenues. The stock yields right over 3%.

The second company, Microsoft (MSFT), has undergone quite a transformation since Satya Nadella became CEO in February 2014.

The former head of the company’s cloud business, Azure, has pushed Microsoft strongly toward the cloud and those results are paying off.

In its latest quarterly results, Microsoft reported sales of the Azure service more than doubled. Revenue growth soared by 116%, up substantially from the previous quarter’s already heady 102% growth.

Nadella’s head isn’t just in the cloud, so to speak. He is also pushing Microsoft hard into other areas. One is artificial intelligence, which Nadella believes will become a cornerstone in bringing more customers to its cloud services.

Another area is augmented reality, with its Windows Holographic effort which includes the HoloLens. This involves mixed reality, where users can still see the real world but with computer-generated 3D objects displayed in front of them. Meanwhile, Microsoft yields right under 3%.

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By Bret Jensen, Editor of The Growth Stock Advisor