Best Social Media Stocks To Add to Your Watchlist - August 30th

Key Points

• Vertiv, Shopify, and Ambarella are highlighted as key social media stocks to watch due to their high trading volume and relevance in the digital infrastructure and e-commerce sectors.
• Vertiv focuses on critical digital infrastructure services for data centers and communication networks, while Shopify provides a comprehensive commerce platform for merchants across various sales channels.
• Ambarella specializes in semiconductor solutions for HD video processing and artificial intelligence, targeting industries that require advanced image and video quality.

Vertiv, Shopify, and Ambarella are the three Social Media stocks to watch today, according to MarketBeat's stock screener tool. Social media stocks are shares of publicly traded companies whose core business is operating online platforms for content sharing, networking, and user interaction. These companies typically generate revenue through advertising, sponsored content, and data-driven services. Investors assess social media stocks by tracking metrics such as user growth, engagement levels, and advertising revenue trends. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Vertiv (VRT)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Read Our Latest Research Report on VRT

Shopify (SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

Read Our Latest Research Report on SHOP

Ambarella (AMBA)

Ambarella, Inc. develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

Read Our Latest Research Report on AMBA

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