Investing in Technology
Machine learning, artificial intelligence, virtual reality, blockchain, 5G… these are just some of the things that come to mind when we look at emerging modern technologies. The Fourth Industrial Revolution is certainly well underway. Staying up to date on the latest tech trends and inventions is absolutely critical for investors this year and moving forward.
Thinking of Investing in Technology?
If you‘re interested investing in technology, look no further than our Tech Stocks hub page. Here we discuss how technology has not only opened new doors to investors, but also has increased the speed at which wealth is built.
Profit Trends’ Energy Expert David Fessler says, “The cloud just keeps getting bigger, and there are plenty of technology companies riding this gravy train. Medical technology is also growing rapidly. New software startups will be tomorrow’s public winners. It’s one of my big focus areas for the next five years.”
Whether it‘s renewable energy, infrastructure or medical technology, Fessler is always up to date on the latest and greatest technology trends. Sign up for Profit Trends below to stay in the loop.
Cloud Computing and AI Technology
Cloud computing offers opportunities for investments in an area that already accounts for “almost 60% of total U.S. technology spending.” The technology allows companies to pay for software subscriptions and rent computer power online instead of trying to match it with their servers.
MoneyWeek projects big wins for the industry giants as multinationals “seek help” in moving their data across multiple clouds. However, smaller companies that can produce a dominant platform may deserve consideration as well.
Artificial intelligence may interest investors who want to know what to prioritize for investing. Google’s parent company, Alphabet (Nasdaq: GOOGL), relies on it for “obvious applications like Google Assistant” and auto-generating data that helps users write faster emails. Alphabet’s 26% year-over-year revenue growth in the second quarter exceeded expectations.
Technology Stocks to Invest In
- NetApp (Nasdaq: NTAP) develops cloud hardware that assists customers in building and running applications on Google Cloud with efficient capabilities. As a Fortune 500 company, NTAP provides cloud and data management services to more than 30 leading enterprises in the oil and gas industry, the life sciences field, and the media and entertainment field.
- Seagate Technology (Nasdaq: STX) provides cloud hardware as a U.S.-based data storage company. STX has earned a reputation as the “world’s second-largest maker of hard disk drives” and other storage products. Some of the biggest names in cloud infrastructure appear on the company’s client list, including Amazon, Google, Apple and Facebook. The increasing demand for cloud computing hardware may give investors some ideas for what to invest in in 2020.
- Splunk (Nasdaq: SPLK) “turns data into strategy” by making it accessible to users within organizations. The SPLK software identifies data patterns, diagnoses problems and generates intelligence. The management of digital data creates a “top priority” for enterprises that may accumulate 44 times more data in 2020 than in the past decade. The company experienced double-digit growth in 2018 as companies struggled to interpret massive amounts of data. Software as a service (SaaS) provides a specialty for companies that profit from the sale of cloud-based software. The Motley Fool cites two market-leading SaaS enterprises whose customer relationship or customer support platforms require payment of recurring fees.
- Salesforce.com (NYSE: CRM) experienced “extraordinary revenue growth,” with a climb of 25% in its most recently reported quarters year over year.
- Zendesk (NYSE: ZEN), a customer service platform, produced even better results, with a 39% climb during the same period. In the field of robotics, rapidly improving technologies provide opportunities for artificial intelligence companies and enterprises that focus on machine learning, the Internet of Things and semiconductors.
- Intuitive Surgical (NASDAQ: ISRG) developed the minimally invasive surgical robot da Vinci. The company saw remarkable 20% year-over-year revenue growth in Q2.
- iRobot (NASDAQ: IRBT) makes the product that investors may recognize as an innovation from the manufacturer of the Roomba robotic vacuum. The company performed a little better than Intuitive Surgical, with 24% growth during the same period.
Start Investing in Technology Today
A few hundred dollars invested in Amazon back in 1997 would have made you a millionaire today. Massive gains would have come from investments in Facebook, Microsoft and Intel as well. Whether you’re investing in technology or any other sector, it’s important to get started now.
As Bill Gates said, “Investing in tomorrow’s technology today is more critical than ever.“ Get started now by signing up for the free Profit Trends e-letter below.
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17 Comments
[…] All in all, Nvidia is a top-tier company that’s expanding its reach. There’s a common theme on Wall Street of buying the leaders. And Nvidia is no doubt a leader in the future of technology. […]
[…] All in all, Nvidia is a top-tier firm that’s increasing its attain. There’s a standard theme on Wall Street of shopping for the leaders. And Nvidia is little question a pacesetter in the way forward for technology. […]
[…] All in all, Nvidia is a top-tier company that’s expanding its reach. There’s a common theme on Wall Street of buying the leaders. And Nvidia is no doubt a leader in the future of technology. […]
[…] All in all, Nvidia is a top-tier company that’s expanding its reach. There’s a common theme on Wall Street of buying the leaders. And Nvidia is no doubt a leader in the future of technology. […]
[…] We have several FREE e-letters that could help you out. Just take this short survey to see which one is best for you.What Type of Investor Are You? – Take This 1-Min Survey to Find OutBy Pete JohnsonNov 29, 2021 at 10:09AMI have to admit, every time I see the latest Nvidia stock news, it involves another multi-billion-dollar industry. And this time, it’s no different.Nvidia (Nasdaq: NVDA) is breaking out into all-time highs as the company grows at a record pace. Up over 140% this year, Nvidia stock is leading the market by powering industries like gaming, AI, and most recently, the Metaverse.During the company’s earnings call, CEO Jensen Huang said the Metaverse will be one of the biggest graphics opportunities yet. In fact, Huang detailed how 40 million individuals could potentially use its software for $1,000 a year.With this in mind, let’s see how the most recent Nvidia stock news can propel the chipmaker to new highs.If you haven’t heard of it yet, the Metaverse is the future. It’s an online simulation of real-world objects. But, in Nvidia’s case, they refer to it as the ‘Omniverse.’ According to Huang, it can save time and money.I know what you’re thinking, “how can an online gaming world save businesses money?” But, Nvidia’s Omniverse is much more than that. It’s a digital workspace for individuals (or businesses) to meet and interact.Think of it this way… You don’t have to rent the space, waste time traveling or even dedicate time outside of work to gather. Not only that but you can also:And on top of this, it’s all in real-time, meaning you can see instant results. Nvidia has a great video on its website that shows the software’s potential. You can construct drawings, build models, and show layouts.For example, a car manufacturer can use it to improve its logistics, making it more efficient. Or just to meet with coworkers digitally. Now, you can see how businesses can save with the platform Moreover, Time Magazine is calling it one of the year’s best inventions of the year.Not to mention, according to Nvidia stock news, the company devices power the entire digital space. From the computer chips to the software running it, the Nvidia is behind it all.With this in mind, Nvidia is in a good position to capture a fair share of the potential $814 billion Metaverse market by 2028. After all, Nvidia is known for its gaming technology that brings players closer to the game than ever.After yet another record-breaking earnings, Nvidia stock is breaking out into all-time highs. Up over 40% in the past month, the chipmaker doesn’t look to be slowing down anytime soon. Altogether, revenue soared 50% year-over-year YOY to a record $7.1 billion. Here are the biggest takeaways from the report.Most importantly, Nvidia is critical in many rapidly growing markets such as gaming, cloud, and AI. As a result, as these industries grow, Nvidia’s earnings are growing alongside them.All things considered, Nvidia’s performance over the past year is second to none. With over 38% revenue growth in the past eight quarters, the company is full speed ahead. Look for Nvidia to continue the strong momentum going into next year.Keep reading for more information on Nvidia stock news.A gaming company solving climate change? It can’t be. But it is. Nvidia is building a digital earth, or Earth-2, with the hopes of protecting the planet.While earth is experiencing new challenges daily with droughts, hurricanes, and flooding, Nvidia is using its technology to help fight back. The ‘New Earth’ will feature GPU computing, Deep Learning, and AI Supercomputers to develop models. Not only that, but it will also have super-deep resolution, capable of enhanced simulation.Nvidia stock news reveals the company plans to build the world’s most powerful AI supercomputer while dedicating it to climate efforts.When electric vehicle maker XPeng revealed its G9 SUV this past week, all eyes were on the technology powering it. The intelligent SUV is built on Nvidia Drive Orin, a supercomputing platform.Nvidia’s chip is powerful, and the brains behind features such as:Most importantly, Drive Orin replaces complex systems with one convenient chip. With data showing EV sales could reach nearly 30% of all car sales in the U.S. by 2030, Nvidia is flexing its abilities. If more automakers start adopting the technology, look for another fast-growing revenue stream.Nvidia looks unstoppable, returning over 250% in the past two years. And the most recent Nvidia stock news hints the chipmaker is just getting started.With the company leading some of the fastest-growing AI, gaming, and data storage markets, Nvidia looks to continue its momentum. All of these markets have huge potential.And top of this, these are just Nvidia’s core business. It doesn’t include things like smart driving, the Omniverse, and other opportunities.Sign up for the Profit Trends e-letter below if you’re looking to stay ahead of the game with the latest Nvidia stock news. The free e-letter covers breaking trends like AI and EV’s. Check it out today!All in all, Nvidia is a top-tier company that’s expanding its reach. There’s a common theme on Wall Street of buying the leaders. And Nvidia is no doubt a leader in the future of technology. […]
[…] term “fintech” stocks can refer to any company that integrates technology into some kind of financial service. Because the definition is so broad, it can mean anything from […]
[…] term “fintech” stocks can refer to any company that integrates technology into some kind of financial service. Because the definition is so broad, it can mean anything from […]
[…] to turn the air down when you can just click a button on the wall? However, thanks to improved technology at cheaper prices, the market might finally be reaching a tipping point. The global smart home […]
[…] to turn the air down when you can just click a button on the wall? However, thanks to improved technology at cheaper prices, the market might finally be reaching a tipping point. The global smart home […]
[…] to turn the air down when you can just click a button on the wall? However, thanks to improved technology at cheaper prices, the market might finally be reaching a tipping point. The global smart home […]
[…] to turn the air down when you can just click a button on the wall? However, thanks to improved technology at cheaper prices, the market might finally be reaching a tipping point. The global smart home […]
[…] All in all, Nvidia is a top-tier company that’s expanding its reach. There’s a common theme on Wall Street of buying the leaders. And Nvidia is no doubt a leader in the future of technology. […]
[…] market is growing thanks to the further spread of digital technology. Moreover, cloud products and facilities that help prevent data breaches and theft are growing […]
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[…] market is growing thanks to the further spread of digital technology. Moreover, cloud products and facilities that help prevent data breaches and theft are growing […]
[…] market is growing thanks to the further spread of digital technology. Moreover, cloud products and facilities that help prevent data breaches and theft are growing […]