Technology Stocks To Follow Today - May 7th

Alphabet, NVIDIA, 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-based products and services—such as software, hardware, semiconductors and internet platforms. These equities often offer above-average growth potential driven by rapid innovation cycles and expanding digital markets, but they can also exhibit higher volatility due to intense competition and rapidly shifting consumer and business demands. These companies had the highest dollar trading volume of any Technology stocks within the last several days.

Alphabet (GOOGL)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Shares of GOOGL stock traded down $13.80 during midday trading on Wednesday, hitting $149.43. 92,510,307 shares of the company were exchanged, compared to its average volume of 33,644,383. Alphabet has a 52 week low of $140.53 and a 52 week high of $207.05. The firm has a market capitalization of $1.81 trillion, a P/E ratio of 18.56, a PEG ratio of 1.34 and a beta of 1.01. The firm's 50 day moving average price is $159.92 and its two-hundred day moving average price is $175.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

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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 NVDA traded down $0.78 during midday trading on Wednesday, reaching $112.76. 84,934,565 shares of the stock were exchanged, compared to its average volume of 284,845,656. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA has a twelve month low of $86.62 and a twelve month high of $153.13. The stock's 50 day simple moving average is $110.37 and its 200 day simple moving average is $127.81. The company has a market cap of $2.75 trillion, a P/E ratio of 44.38, a PEG ratio of 1.76 and a beta of 2.11.

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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.

AAPL stock traded down $4.80 during mid-day trading on Wednesday, hitting $193.71. The stock had a trading volume of 35,207,431 shares, compared to its average volume of 56,058,884. Apple has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $210.55 and a 200 day simple moving average of $228.13. The firm has a market capitalization of $2.91 trillion, a P/E ratio of 30.72, a P/E/G ratio of 2.44 and a beta of 1.27.

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