Promising Technology Stocks To Watch Now – November 3rd

Apple, Micron Technology, NVIDIA, Advanced Micro Devices, Palantir Technologies, Oracle, and Sandisk are the seven Technology stocks to watch today, according to MarketBeat’s stock screener tool. Technology stocks are shares of companies whose primary business involves developing, producing, or providing technology-related products and services, such as software, hardware, semiconductors, cloud computing, or artificial intelligence. For investors, these stocks may offer strong growth potential but can also experience significant volatility due to rapid innovation, competition, changing consumer demand, and regulatory risks. These companies had the highest dollar trading volume of any Technology stocks within the last several days.

Apple (AAPL)

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Shares of AAPL stock traded down $6.25 during midday trading on Tuesday, reaching $332.07. 37,400,912 shares of the stock were exchanged, compared to its average volume of 48,333,691. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple has a 1 year low of $243.42 and a 1 year high of $351.73. The firm has a market cap of $4.85 trillion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. The company’s 50 day moving average is $333.62 and its two-hundred day moving average is $296.77.

Micron Technology (MU)

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

Shares of Micron Technology stock traded up $20.20 during trading on Tuesday, hitting $853.79. The company’s stock had a trading volume of 13,089,939 shares, compared to its average volume of 40,195,707. Micron Technology has a 52 week low of $192.59 and a 52 week high of $1,255.00. The company has a market capitalization of $966.00 billion, a PE ratio of 11.49, a P/E/G ratio of 0.17 and a beta of 2.22. The company has a fifty day simple moving average of $976.02 and a two-hundred day simple moving average of $747.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Shares of NVDA stock traded up $5.73 during trading hours on Tuesday, hitting $207.79. 50,130,443 shares of the company’s stock traded hands, compared to its average volume of 148,200,297. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $221.49 and its two-hundred day simple moving average is $204.33. NVIDIA has a 12-month low of $164.27 and a 12-month high of $243.37. The stock has a market cap of $5.01 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.65 and a beta of 2.22.

Advanced Micro Devices (AMD)

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

Shares of AMD traded up $23.63 during trading hours on Tuesday, hitting $490.47. The company had a trading volume of 15,882,296 shares, compared to its average volume of 31,611,166. The firm has a fifty day moving average price of $548.16 and a 200-day moving average price of $410.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock has a market capitalization of $800.68 billion, a price-to-earnings ratio of 125.98, a P/E/G ratio of 5.94 and a beta of 2.45. Advanced Micro Devices has a 52-week low of $188.22 and a 52-week high of $658.52.

Palantir Technologies (PLTR)

Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

PLTR stock traded down $2.24 during trading on Tuesday, hitting $176.10. 36,819,851 shares of the stock traded hands, compared to its average volume of 41,274,164. The stock has a market cap of $423.18 billion, a price-to-earnings ratio of 150.07, a price-to-earnings-growth ratio of 3.51 and a beta of 1.60. Palantir Technologies has a 1 year low of $106.37 and a 1 year high of $212.94. The firm’s 50 day moving average is $186.87 and its two-hundred day moving average is $153.90.

Oracle (ORCL)

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

Oracle stock traded up $7.29 during trading hours on Tuesday, hitting $126.51. The stock had a trading volume of 50,109,763 shares, compared to its average volume of 29,969,045. The stock’s 50-day moving average price is $141.25 and its 200-day moving average price is $156.77. The stock has a market capitalization of $382.54 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.78. Oracle has a 12-month low of $114.50 and a 12-month high of $255.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.89.

Sandisk (SNDK)

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components.

Shares of SNDK traded up $42.53 on Tuesday, hitting $1,117.61. 5,527,707 shares of the stock traded hands, compared to its average volume of 14,730,634. The company has a market capitalization of $161.53 billion, a PE ratio of 8.93, a P/E/G ratio of 0.14 and a beta of 5.23. The business has a 50 day simple moving average of $1,547.49 and a 200 day simple moving average of $1,254.27. Sandisk has a one year low of $183.00 and a one year high of $2,354.39.

Sandisk’s stock is set to split before the market opens on Friday, November 20th. The 8-1 split was announced on Thursday, October 29th. The newly minted shares will be distributed to shareholders after the market closes on Thursday, November 19th.