Promising Technology Stocks To Follow Today - November 9th

Key Points

• MarketBeat flagged NVIDIA, AMD, Micron, Sandisk and Apple as technology stocks with the highest recent dollar trading volume.
• In Monday trading, NVIDIA fell to $176.77, while AMD rose to $507.17, Micron to $730.60, Sandisk to $887.41 and Apple to $350.67.
• Sandisk announced an 8-for-1 stock split, with shares scheduled to split before the market opens November 20; split shares are due to shareholders after the close November 19.

NVIDIA, Advanced Micro Devices, Micron Technology, Sandisk, and Apple are the five Technology stocks to watch today, according to MarketBeat's stock screener tool. Technology stocks are shares of companies that develop or provide technology-related products and services, such as software, semiconductors, cloud computing, and consumer electronics. For investors, the term refers to stocks grouped in the technology sector, which can offer growth potential but may also be more volatile than stocks in some other sectors. These companies had the highest dollar trading volume of any Technology stocks within the last several days.

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.

NVDA traded down $9.87 on Monday, reaching $176.77. The company had a trading volume of 325,306,162 shares, compared to its average volume of 150,045,500. NVIDIA has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The stock has a market cap of $4.26 trillion, a P/E ratio of 22.38, a P/E/G ratio of 1.43 and a beta of 2.21. The company's fifty day moving average is $219.80 and its 200 day moving average is $204.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

Read Our Latest Research Report on NVDA

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 NASDAQ AMD traded up $58.13 during trading hours on Monday, reaching $507.17. 31,195,925 shares of the stock were exchanged, compared to its average volume of 32,034,576. The firm has a market capitalization of $831.80 billion, a price-to-earnings ratio of 110.41, a P/E/G ratio of 4.54 and a beta of 2.49. The stock's fifty day simple moving average is $546.81 and its 200 day simple moving average is $414.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72. Advanced Micro Devices has a 52 week low of $188.22 and a 52 week high of $658.52.

Read Our Latest Research Report on AMD

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.

NASDAQ MU traded up $40.59 on Monday, reaching $730.60. The stock had a trading volume of 19,442,598 shares, compared to its average volume of 40,311,148. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The firm has a fifty day moving average of $961.59 and a two-hundred day moving average of $754.99. Micron Technology has a 1-year low of $192.59 and a 1-year high of $1,255.00. The company has a market cap of $826.61 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.12 and a beta of 2.36.

Read Our Latest Research Report on MU

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.

NASDAQ:SNDK traded up $783.03 during mid-day trading on Monday, reaching $887.41. 9,344,719 shares of the company's stock were exchanged, compared to its average volume of 118,042,930. Sandisk has a one year low of $22.88 and a one year high of $904.00. The business's fifty day simple moving average is $1,504.43 and its two-hundred day simple moving average is $1,264.98. The firm has a market capitalization of $126.27 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 0.06 and a beta of 5.66.

Sandisk shares are 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 payable to shareholders after the closing bell on Thursday, November 19th.

Read Our Latest Research Report on SNDK

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.

Apple stock traded up $8.30 during mid-day trading on Monday, reaching $350.67. 17,353,603 shares of the company were exchanged, compared to its average volume of 48,614,703. The company has a fifty day simple moving average of $336.01 and a 200-day simple moving average of $298.50. Apple has a 12 month low of $243.42 and a 12 month high of $355.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $5.10 trillion, a PE ratio of 39.06, a PEG ratio of 3.22 and a beta of 1.07.

Read Our Latest Research Report on AAPL

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