S&P 500   3,841.47 (-0.30%)
DOW   30,996.98 (-0.57%)
QQQ   325.63 (-0.22%)
AAPL   139.36 (+1.82%)
MSFT   226.25 (+0.57%)
FB   275.12 (+0.82%)
GOOGL   1,893.01 (+0.47%)
AMZN   3,292.23 (-0.45%)
TSLA   845.80 (+0.10%)
NVDA   548.19 (-1.17%)
BABA   258.00 (-0.77%)
CGC   33.80 (+0.72%)
GE   11.15 (+0.72%)
MU   82.18 (-3.33%)
AMD   92.77 (+1.35%)
NIO   61.94 (+6.17%)
T   28.96 (+0.45%)
F   11.50 (-0.26%)
ACB   10.56 (-5.46%)
BA   206.10 (-0.63%)
DIS   172.75 (+0.86%)
NFLX   565.17 (-2.53%)
GILD   66.97 (-0.01%)
S&P 500   3,841.47 (-0.30%)
DOW   30,996.98 (-0.57%)
QQQ   325.63 (-0.22%)
AAPL   139.36 (+1.82%)
MSFT   226.25 (+0.57%)
FB   275.12 (+0.82%)
GOOGL   1,893.01 (+0.47%)
AMZN   3,292.23 (-0.45%)
TSLA   845.80 (+0.10%)
NVDA   548.19 (-1.17%)
BABA   258.00 (-0.77%)
CGC   33.80 (+0.72%)
GE   11.15 (+0.72%)
MU   82.18 (-3.33%)
AMD   92.77 (+1.35%)
NIO   61.94 (+6.17%)
T   28.96 (+0.45%)
F   11.50 (-0.26%)
ACB   10.56 (-5.46%)
BA   206.10 (-0.63%)
DIS   172.75 (+0.86%)
NFLX   565.17 (-2.53%)
GILD   66.97 (-0.01%)
S&P 500   3,841.47 (-0.30%)
DOW   30,996.98 (-0.57%)
QQQ   325.63 (-0.22%)
AAPL   139.36 (+1.82%)
MSFT   226.25 (+0.57%)
FB   275.12 (+0.82%)
GOOGL   1,893.01 (+0.47%)
AMZN   3,292.23 (-0.45%)
TSLA   845.80 (+0.10%)
NVDA   548.19 (-1.17%)
BABA   258.00 (-0.77%)
CGC   33.80 (+0.72%)
GE   11.15 (+0.72%)
MU   82.18 (-3.33%)
AMD   92.77 (+1.35%)
NIO   61.94 (+6.17%)
T   28.96 (+0.45%)
F   11.50 (-0.26%)
ACB   10.56 (-5.46%)
BA   206.10 (-0.63%)
DIS   172.75 (+0.86%)
NFLX   565.17 (-2.53%)
GILD   66.97 (-0.01%)
S&P 500   3,841.47 (-0.30%)
DOW   30,996.98 (-0.57%)
QQQ   325.63 (-0.22%)
AAPL   139.36 (+1.82%)
MSFT   226.25 (+0.57%)
FB   275.12 (+0.82%)
GOOGL   1,893.01 (+0.47%)
AMZN   3,292.23 (-0.45%)
TSLA   845.80 (+0.10%)
NVDA   548.19 (-1.17%)
BABA   258.00 (-0.77%)
CGC   33.80 (+0.72%)
GE   11.15 (+0.72%)
MU   82.18 (-3.33%)
AMD   92.77 (+1.35%)
NIO   61.94 (+6.17%)
T   28.96 (+0.45%)
F   11.50 (-0.26%)
ACB   10.56 (-5.46%)
BA   206.10 (-0.63%)
DIS   172.75 (+0.86%)
NFLX   565.17 (-2.53%)
GILD   66.97 (-0.01%)
Log in

7 Technology Stocks That Will Lead the Sector Going Forward in 2021 - 1 of 7

 
#1 - NVIDIA (NASDAQ:NVDA)

NVIDIA logo

NVIDIA (NASDAQ: NVDA) - No industry sums up the volatility of the tech sector more than the semiconductor industry. Nvidia’s stock saw a nearly three-year surge that saw it rise nearly 800% come crashing down at the end of 2018. However, the stock is bouncing back. Shares of NVDA are up nearly 22% for the year and just over 12% since March 8. Some of the reason for the stock’s slump was due to the cryptocurrency meltdown, but the extent of the stock’s crash showed a fundamental misunderstanding of the company’s product offerings. The graphic processors that the company designs, while essential for crypto-miners, are far more in demand for video games and datacenters – which include applications for artificial intelligence (AI). Currently, AI applications account for about 25% of Nvidia’s business. That’s where the news gets particularly enticing for investors. At the GTC 2019 conference on March 18, Nvidia CEO Jensen Huang announced the company’s partnership with Toyota Motors. In a nutshell, Nvidia through its DRIVE Constellation simulator is going to provide the technology that will allow Toyota to create virtual simulations which can lead to a rapid acceleration of the company’s testing capabilities while helping to cut costs, increase safety and improve efficiency.

About NVIDIA
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge. Read More 

Current Price: $548.19
Consensus Rating: Buy
Ratings Breakdown: 28 Buy Ratings, 3 Hold Ratings, 4 Sell Ratings.
Consensus Price Target: $548.42 (0.0% Upside)





Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.