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Promising Technology Stocks To Follow Now - August 29th

NVIDIA logo with Computer and Technology background

Key Points

  • NVIDIA, Alibaba Group, and Apple are highlighted as the top technology stocks to follow, showcasing strong trading volumes and growth potential.
  • NVIDIA specializes in graphics and compute solutions, including gaming GPUs and metaverse software, targeting both consumers and enterprises.
  • Alibaba Group provides comprehensive technology infrastructure for businesses in China and internationally, with diverse segments ranging from commerce to cloud services.
  • Want stock alerts on NVIDIA? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

NVIDIA, Alibaba Group, and Apple 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, manufacturing or distributing technology products and services—ranging from software and hardware to semiconductors, internet platforms and telecommunications. They tend to exhibit higher growth potential and volatility than the broader market, reflecting rapid innovation cycles and evolving consumer and business needs. 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.

Read Our Latest Research Report on NVDA

Alibaba Group (BABA)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Read Our Latest Research Report on BABA

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.

Read Our Latest Research Report on AAPL

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in NVIDIA Right Now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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