Top Technology Stocks To Watch Now - August 4th

Key Points

• NVIDIA, Meta Platforms, and Apple are highlighted as key technology stocks to monitor, reflecting strong trading volumes and growth potential.
• NVIDIA's stock recently traded at $179.61, showing significant volatility with a market cap of $4.38 trillion and a P/E ratio of 57.92.
• Meta Platforms' shares rose to $774.34, benefiting from robust operations through platforms like Facebook and Instagram, with a market capitalization of $1.95 trillion.

NVIDIA, Meta Platforms, 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 the research, development, manufacturing or distribution of technology products and services—ranging from software and hardware to semiconductors and internet platforms. Investors in these stocks seek exposure to rapid innovation and high growth potential. Because technology markets can shift quickly, these equities often exhibit greater volatility than more established sectors. 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.

NASDAQ:NVDA traded up $5.89 during midday trading on Monday, hitting $179.61. 85,897,116 shares of the stock were exchanged, compared to its average volume of 247,697,250. NVIDIA has a one year low of $86.62 and a one year high of $183.30. The company has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 57.92, a P/E/G ratio of 1.53 and a beta of 2.14. The business has a 50-day moving average price of $155.30 and a two-hundred day moving average price of $132.28. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

Read Our Latest Research Report on NVDA

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.

NASDAQ:META traded up $24.33 during midday trading on Monday, hitting $774.34. 9,903,750 shares of the stock were exchanged, compared to its average volume of 15,618,257. Meta Platforms has a one year low of $450.80 and a one year high of $784.75. The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 1.60 and a beta of 1.27. The business has a 50-day moving average price of $701.68 and a two-hundred day moving average price of $646.12. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Read Our Latest Research Report on META

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.

NASDAQ:AAPL traded up $1.48 during midday trading on Monday, hitting $203.86. 34,222,488 shares of the stock were exchanged, compared to its average volume of 56,844,102. Apple has a one year low of $169.21 and a one year high of $260.10. The company has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 2.20 and a beta of 1.16. The business has a 50-day moving average price of $205.37 and a two-hundred day moving average price of $213.50. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Read Our Latest Research Report on AAPL

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