1. Tesla Inc. (TSLA):
The first on our watch list is Tesla, an American electric vehicle and clean energy company headed by the ambitious and forward-thinking Elon Musk. While people often think of Tesla as a car company, they are much more than that. Tesla is also involved in renewable energy technologies via their solar energy and power storage systems.
The primary reason for this bullish sentiment towards Tesla is the company’s consistent positive trajectory in vehicle deliveries. In 2020, Tesla delivered approximately 500,000 vehicles, despite the global pandemic’s impact on production, leading to a nearly 36% increase from the previous year.
Investing in Tesla means you’re investing in a bigger vision, for electric vehicles are just a stepping stone towards a more sustainable future. This tech stock is worth watching for its leaps in innovation, disruptive potential, and its commitment to a greener planet.
2. Microsoft Corporation (MSFT):
Microsoft has long been a player in the world of technology stocks, consistently providing investors with reliable returns without the boom and bust unpredictability of many tech startups. Over the past few years, the company shifted its strategic focus towards cloud computing, successfully competing with Amazon’s AWS through its Azure platform.
Its cloud-first strategy seems to be working: in 2021, Microsoft’s Intelligent Cloud division reported a hefty 23% increase in revenue. In addition to this, Microsoft also benefits from a diverse array of other revenue streams, such as its Productivity and Business Processes division, which includes popular software products like Office 365 and Linkedin.
As a tech giant with multiple sources of revenue and an expanding presence in the ever-growing cloud services market, Microsoft is certainly a tech stock to keep an eye on.
3. NVIDIA Corporation (NVDA):
NVIDIA, the graphic processing unit (GPU) and artificial intelligence (AI) powerhouse, is another tech stock to watch. NVIDIA’s GPUs are used in a wide range of applications, from gaming to professional visualization and data centers, making the company a leading player in numerous cutting-edge technology fields.
Additionally, NVIDIA’s data center business has been outperforming its gaming business, riding on an increase in hyperscale demand. NVIDIA’s recent acquisition of AI chip start-up Mellanox is highly complementary to its growing data-center business.
Considering its stronghold on the gaming market, its advancing data center capabilities, and its wide-ranging AI technologies, NVIDIA is a promising choice for tech-savvy investors.
