Top Technology Stocks To Follow Now - November 5th

Key Points

• NVIDIA, Micron Technology, and AMD were highlighted as technology stocks with the highest recent dollar trading volumes, according to MarketBeat’s screener.
• All three fell sharply on Thursday: NVIDIA dropped $17.10 to $183.03, Micron slid $120.20 to $675.02, and AMD declined $74.78 to $414.00. Trading volume for each exceeded its reported average.

NVIDIA, Micron Technology, and Advanced Micro Devices are the three Technology stocks to watch today, according to MarketBeat's stock screener tool. Technology stocks are shares of companies whose primary business involves developing or selling technology products or services, such as software, semiconductors, hardware, and internet services. Investors often group them as a sector, though classifications can vary and these stocks may be sensitive to rapid innovation, competition, and changing growth expectations. 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.

Shares of NVIDIA stock traded down $17.10 during trading on Thursday, hitting $183.03. 187,802,956 shares of the stock traded hands, compared to its average volume of 148,559,578. The stock has a market cap of $4.41 trillion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.59 and a beta of 2.21. NVIDIA has a 52 week low of $164.27 and a 52 week high of $243.37. The firm's fifty day moving average is $221.19 and its 200-day moving average is $204.51. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

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 NASDAQ MU traded down $120.20 during mid-day trading on Thursday, hitting $675.02. The stock had a trading volume of 50,810,255 shares, compared to its average volume of 40,256,898. Micron Technology has a 1 year low of $192.59 and a 1 year high of $1,255.00. The firm has a market cap of $763.74 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 0.15 and a beta of 2.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The business has a 50 day moving average price of $972.16 and a two-hundred day moving average price of $751.90.

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 down $74.78 during mid-day trading on Thursday, hitting $414.00. 45,572,671 shares of the stock traded hands, compared to its average volume of 31,854,500. The stock has a fifty day moving average price of $548.90 and a 200-day moving average price of $413.03. The company has a market cap of $675.85 billion, a price-to-earnings ratio of 89.89, a PEG ratio of 4.97 and a beta of 2.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. 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

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