Promising Technology Stocks Worth Watching - October 8th

Key Points

• Advanced Micro Devices (AMD), NVIDIA, and Rigetti Computing are highlighted as key technology stocks to watch due to their significant trading volumes in recent days.
• NVIDIA offers a range of graphics and compute solutions, including GeForce GPUs and cloud-based virtual computing services for gaming and enterprise applications.
• Rigetti Computing is specializing in quantum computing technology, providing access to quantum processors through its cloud services, under the Novera brand.

Advanced Micro Devices, NVIDIA, and Rigetti Computing are the three Technology stocks to watch today, according to MarketBeat's stock screener tool. Technology stocks are the shares of publicly traded companies whose core business involves creating, manufacturing or distributing technology products and services—ranging from hardware and semiconductors to software and internet platforms. Investors buy these stocks to capture growth driven by innovation and digital transformation, although they often carry higher volatility and valuation multiples than broader market sectors. These companies had the highest dollar trading volume of any Technology stocks within the last several days.

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.

Read Our Latest Research Report on AMD

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

Rigetti Computing (RGTI)

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.

Read Our Latest Research Report on RGTI

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