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Technology Stocks To Watch Today - August 6th

Advanced Micro Devices logo with Computer and Technology background

Key Points

  • Technology Stocks to Watch: Key companies to monitor today include Advanced Micro Devices (AMD), NVIDIA, Apple, Palantir Technologies, Microsoft, Meta Platforms, and Shopify, all showing significant trading volumes.
  • Advanced Micro Devices (AMD) Drop: AMD shares fell by $10.11 to $164.20, despite having a recent market cap of $266.23 billion and a high trading volume of over 106 million shares.
  • Apple's Performance: Apple Inc.'s stock saw a rise of $11.62, reaching $214.54, with significant trading activity of nearly 67 million shares.
  • MarketBeat previews the top five stocks to own by September 1st.

Advanced Micro Devices, NVIDIA, Apple, Palantir Technologies, Microsoft, Meta Platforms, and Shopify are the seven Technology stocks to watch today, according to MarketBeat's stock screener tool. Technology stocks are shares of publicly traded companies whose primary business involves the research, development or distribution of technology products and services—such as software, hardware, semiconductors, telecommunications and internet platforms. Investors often view these stocks as growth-oriented, since technology firms can rapidly scale innovations, but they may also carry higher volatility due to fast-changing markets and competitive pressures. 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.

Shares of Advanced Micro Devices stock traded down $10.11 on Wednesday, hitting $164.20. 106,110,621 shares of the company's stock traded hands, compared to its average volume of 45,464,926. The stock has a market cap of $266.23 billion, a P/E ratio of 120.73, a PEG ratio of 2.34 and a beta of 1.94. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The firm's 50-day moving average is $141.11 and its 200 day moving average is $117.23. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $182.50.

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.

NVDA traded up $0.73 during trading hours on Wednesday, hitting $178.99. 89,213,291 shares of the stock were exchanged, compared to its average volume of 246,426,578. NVIDIA has a 12 month low of $86.62 and a 12 month high of $183.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a 50-day simple moving average of $157.13 and a 200-day simple moving average of $132.90. The stock has a market cap of $4.37 trillion, a price-to-earnings ratio of 57.74, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14.

Read Our Latest Research Report on NVDA

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.

Shares of AAPL traded up $11.62 during trading hours on Wednesday, reaching $214.54. 66,726,392 shares of the company's stock traded hands, compared to its average volume of 57,072,777. The business's fifty day simple moving average is $205.58 and its two-hundred day simple moving average is $213.24. Apple has a twelve month low of $169.21 and a twelve month high of $260.10. The firm has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 2.14 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83.

Read Our Latest Research Report on AAPL

Palantir Technologies (PLTR)

Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

NASDAQ PLTR traded up $3.75 during trading on Wednesday, reaching $177.02. 63,661,045 shares of the company's stock were exchanged, compared to its average volume of 92,539,219. Palantir Technologies has a fifty-two week low of $26.24 and a fifty-two week high of $180.58. The company's fifty day simple moving average is $142.12 and its 200-day simple moving average is $113.60. The firm has a market capitalization of $417.74 billion, a PE ratio of 590.37, a P/E/G ratio of 13.70 and a beta of 2.60.

Read Our Latest Research Report on PLTR

Microsoft (MSFT)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

Shares of MSFT stock traded down $1.75 during trading on Wednesday, reaching $526.00. The company had a trading volume of 11,048,370 shares, compared to its average volume of 22,358,838. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The firm's 50 day simple moving average is $492.99 and its two-hundred day simple moving average is $436.40. The company has a market capitalization of $3.91 trillion, a PE ratio of 38.56, a PEG ratio of 2.34 and a beta of 1.06. Microsoft has a one year low of $344.79 and a one year high of $555.45.

Read Our Latest Research Report on MSFT

Meta Platforms (META)

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

META stock traded up $8.00 during trading on Wednesday, hitting $771.46. The company had a trading volume of 6,332,622 shares, compared to its average volume of 15,569,056. The company has a fifty day moving average price of $707.08 and a two-hundred day moving average price of $648.07. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms has a fifty-two week low of $479.80 and a fifty-two week high of $784.75. The company has a market cap of $1.94 trillion, a P/E ratio of 27.93, a P/E/G ratio of 1.59 and a beta of 1.27.

Read Our Latest Research Report on META

Shopify (SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

NYSE:SHOP traded up $25.93 on Wednesday, reaching $152.93. The company's stock had a trading volume of 29,741,173 shares, compared to its average volume of 10,456,365. The business's 50-day moving average price is $114.78 and its two-hundred day moving average price is $106.89. The firm has a market cap of $198.41 billion, a PE ratio of 98.46, a PEG ratio of 4.82 and a beta of 2.63. Shopify has a 1-year low of $63.55 and a 1-year high of $156.39.

Read Our Latest Research Report on SHOP

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.

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