Promising Technology Stocks Worth Watching - November 8th

Key Points

• Five technology stocks topped MarketBeat’s recent dollar-trading-volume screen: NVIDIA, Micron Technology, AMD, Apple, and SanDisk.
• On Friday, NVIDIA, Micron, AMD, and SanDisk shares rose, while Apple shares fell; the stocks also showed substantial price swings relative to their recent moving averages.
• SanDisk announced an 8-for-1 stock split, with shares scheduled to split on November 20 and the new shares payable after the market closes November 19.

NVIDIA, Micron Technology, Advanced Micro Devices, Apple, and Sandisk 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 products and services, such as software, semiconductors, hardware, cloud computing, or internet platforms. Investors often view them as growth-oriented, but their prices can be sensitive to competition, innovation, and changing expectations about future earnings. 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 up $5.04 during trading on Friday, hitting $186.64. The company's stock had a trading volume of 179,613,679 shares, compared to its average volume of 112,920,528. 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 has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.43 and a beta of 2.21. The firm's 50 day moving average price is $219.80 and its two-hundred day moving average price is $204.53. NVIDIA has a 12 month low of $164.27 and a 12 month high of $243.37.

Read Our Latest Research Report on NVDA

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 MU stock traded up $33.61 during trading hours on Friday, hitting $690.00. 44,738,293 shares of the company's stock were exchanged, compared to its average volume of 29,303,718. The stock's 50-day moving average is $961.59 and its 200-day moving average is $754.99. 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 stock has a market cap of $780.68 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.12 and a beta of 2.36. Micron Technology has a 52 week low of $192.59 and a 52 week high of $1,255.00.

Read Our Latest Research Report on MU

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 $44.64 during midday trading on Friday, reaching $449.04. The company's stock had a trading volume of 45,659,370 shares, compared to its average volume of 25,989,024. The business'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 current ratio of 2.72 and a quick ratio of 1.91. Advanced Micro Devices has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The company has a market capitalization of $736.46 billion, a P/E ratio of 97.62, a P/E/G ratio of 4.56 and a beta of 2.49.

Read Our Latest Research Report on AMD

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.

NASDAQ AAPL traded down $1.80 on Friday, hitting $342.37. 44,660,992 shares of the company were exchanged, compared to its average volume of 48,355,904. The firm has a 50 day moving average of $336.01 and a two-hundred day moving average of $298.50. The company has a market cap of $4.98 trillion, a P/E ratio of 38.17, a P/E/G ratio of 3.21 and a beta of 1.07. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. Apple has a 1-year low of $243.42 and a 1-year high of $355.38.

Read Our Latest Research Report on AAPL

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 $28.63 during mid-day trading on Friday, reaching $835.06. 17,679,220 shares of the company were exchanged, compared to its average volume of 10,164,713. Sandisk has a 12 month low of $183.00 and a 12 month high of $2,354.39. The company has a fifty day moving average of $1,504.43 and a 200 day moving average of $1,264.98. The stock has a market cap of $118.82 billion, a PE ratio of 6.69, a PEG ratio of 0.06 and a beta of 5.66.

Sandisk's stock is set to split on the morning of Friday, November 20th. The 8-1 split was announced on Thursday, October 29th. The newly created shares will be payable to shareholders after the market closes on Thursday, November 19th.

Read Our Latest Research Report on SNDK

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