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Trending Tech Stocks To Keep An Eye On

 



According to the vast majority of seasoned investors, the year 2020 was a banner year for technology-related stocks. Because of the pandemic, individuals and businesses were essentially compelled to adopt digital technologies. As a result, there has been a significant increase in demand for software and hardware services across the board. As we near the end of the year 2021, investors may want to take a second look at similar industry trends. This would occur as a result of the emergence of the Omicron Covid variant, which is a variant of the Omicron. It is estimated that the highly mutated variant is already present in more than 20 countries, according to Dr. Anthony Fauci, the White House's chief medical advisor

 

While health experts assess the threat posed by the new variant to global recovery efforts, investors may be concentrating on the top technology stocks on the market at the time of writing. For starters, the industry has maintained its excellent performance throughout this earnings season. Take, for example, Box (NYSE: BOX) and Ambarella (NYSE: AMB) (NASDAQ: AMBA). During their respective quarterly earnings calls held yesterday, both companies reported earnings beats. Therefore, BOX and AMBA stock prices are currently trading higher by more than 10% as of 10:24 a.m. Eastern Time (ET). Both businesses are engaged in different industries, for the most part. This is evident in the development of cloud-based software solutions by Box as well as the design of semiconductors by Ambarella. Nonetheless, both businesses are associated with the technology sector, which appears to be gaining momentum at the moment. So, are any of these technology stocks on your shortlist for your next big investment?

 

Best Tech Stocks To Keep An Eye On In December 2021

 

  1. Microsoft Corporation
  2. Qualcomm Inc.
  3. Apple Inc.
  4. Salesforce.com Inc.

 

 1. Microsoft Corporation

 


Located in Redmond, Washington, Microsoft is a technology company that specializes in the development of computer software and consumer electronic products. Microsoft Windows is the name of the company that developed one of the most widely used operating systems in the world. Also well-known for its Microsoft Office productivity suite, the company's flagship hardware products include the Xbox video game console and the Microsoft Surface personal computer lineup, among other things. Currently, the stock of Microsoft is trading at $335.45 per share, as of 1:53 p.m. ET. The annual shareholder meeting of the company took place recently.

 

Over the course of the past year, Satya Nadella, CEO of Microsoft, has talked about how the company's growth mindset has fueled innovation and transformation. "Our customers as well as Microsoft have benefited greatly from the digital transformation of the past year, there is no doubt about that! Although it has increased our responsibility in a world where technology must do more to address the pressing issues we face collectively, it has also increased our awareness of our own responsibilities "Microsoft's Chairman and CEO, Satya Nadella, made the statement.

 

2. Qualcomm Inc.

 


Qualcomm is a multinational technology corporation that specializes in the design and manufacture of processors and software. Indeed, the company owns patents that are critical to the development of the 5G and 4G mobile communication standards, as well as other technologies. Additionally, it is a market leader in wireless technology and has played a key role in the development and expansion of 5G networks worldwide. It should come as no surprise that the company's products and services are utilized by millions of individuals. Since the beginning of the year, the stock of QCOM has increased by more than 20% to $179.66, according to the most recent trading data.

 

On Tuesday, the company announced the release of its next-generation chipset for Android devices, which includes improvements to the company's existing processors. This will be Qualcomm's first 4nm chipset, as well as the first to use its new CPU architecture, which will be implemented in the Snapdragon 8 Gen 1.

 

In addition, the company claims that it will be 20 percent faster than the current Snapdragon 888 while consuming up to 30 percent less power. A 30 percent performance boost and up to a 25 percent power savings are promised by the new Adreno GPU, which is based on the company's new architecture. Additional features will allow the GPU to render a game twice as quickly while using the same amount of power.

 

3. Apple Inc.

 


Apple is the final, but certainly not the least, of our list. Because of its line of high-end products, the company has revolutionized personal technology and continues to be at the forefront of technological advancement. Aside from that, it is a software company that is focused on providing consistent experiences across its platform of products. This includes the App Store, Apple Music, and Apple Pay, among other things. Since the beginning of the year, the stock of Apple has increased by more than 30% to $167.73, according to the most recent trading data from 1:54 p.m. ET.

 

As part of a broader selloff, other large-cap technology stocks, such as Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL), also closed lower yesterday. However, Apple ended the day 3.1 percent higher than it had started. Possibly, this is due to the fact that investors regard the company as a safe haven during periods of market volatility. Analyst Laura Martins at Needham believes that the company's tremendous cash flow has attracted investors because it has the ability to weather economic downturns and capitalize on falling stock prices. Additionally, the company is well-positioned to introduce new products that will help it to continue its expansion.

 

4. Salesforce.com

 


Salesforce is the world's leading customer relationship management (CRM) platform. Its cloud-based CRM applications for sales, marketing, and other functions are simple to set up and manage, and they do not require the assistance of IT professionals. Salesforce's platform is used by over 150,000 businesses to improve customer relationships and expand their operations. Customers relationship management (CRM) enables businesses to better understand their customers' needs and solve problems by managing customer information and interactions more effectively. CRM stock is currently trading at $259.09 per share as of 1:53 p.m. ET.

 

The company released its third-quarter financial results for fiscal 2021 today. Firstly, revenue for the quarter totaled $6.86 billion, representing a 27 percent increase over the same period last year. Second, the current outstanding performance obligation totaled approximately $18.8 billion, representing a 23 percent increase from the previous year's figure. In addition, Salesforce reported $0.47 diluted earnings per share on a GAAP basis, according to the company.

 

According to the company, its platform is now more important and strategic than ever as businesses accelerate their digital transformation journeys and become more competitive. In the same way that it assisted its customers during the pandemic, it is now assisting them in achieving greater growth and customer satisfaction. As a result of its Customer 360 platform and Slack, the company expects to generate $50 billion in revenue in FY26.

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