Technology Stocks To Follow Now – August 2nd

NVIDIA, Apple, Microsoft, Meta Platforms, Advanced Micro Devices, Coinbase Global, and Palantir Technologies 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 developing, manufacturing or distributing technology-related products and services. These firms often operate in areas such as software, hardware, semiconductors, internet services and emerging fields like artificial intelligence. Investors are drawn to tech stocks for their potential for rapid growth, though they can also exhibit higher volatility. 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.

Shares of NVDA stock traded down $4.15 on Friday, reaching $173.72. The company had a trading volume of 203,669,565 shares, compared to its average volume of 153,436,048. The business’s 50-day moving average is $155.30 and its 200 day moving average is $132.32. NVIDIA has a one year low of $86.62 and a one year high of $183.30. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.24 trillion, a PE ratio of 56.04, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14.

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 down $5.19 on Friday, reaching $202.38. 97,423,066 shares of the stock traded hands, compared to its average volume of 44,912,472. The firm has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 2.28 and a beta of 1.20. Apple has a 1-year low of $169.21 and a 1-year high of $260.10. The company’s 50 day moving average is $205.37 and its 200-day moving average is $213.77. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

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 traded down $9.39 during trading hours on Friday, reaching $524.11. The stock had a trading volume of 28,948,527 shares, compared to its average volume of 17,331,950. Microsoft has a 12 month low of $344.79 and a 12 month high of $555.45. The firm has a 50-day simple moving average of $489.94 and a 200 day simple moving average of $434.88. The company has a current ratio of 1.35, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 2.39 and a beta of 1.06.

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 down $23.43 during trading hours on Friday, hitting $750.01. 18,985,910 shares of the company traded hands, compared to its average volume of 12,087,110. Meta Platforms has a one year low of $450.80 and a one year high of $784.75. The company has a market cap of $1.89 trillion, a PE ratio of 27.15, a PEG ratio of 1.84 and a beta of 1.27. The firm’s 50-day simple moving average is $701.68 and its 200-day simple moving average is $645.68. The company has a quick ratio of 2.66, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

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 $4.61 during trading hours on Friday, hitting $171.70. 74,927,695 shares of the company’s stock traded hands, compared to its average volume of 53,158,520. The company has a fifty day simple moving average of $138.58 and a 200-day simple moving average of $116.48. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $182.50. The stock has a market capitalization of $278.39 billion, a price-to-earnings ratio of 126.25, a PEG ratio of 2.33 and a beta of 1.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97.

Coinbase Global (COIN)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

Shares of COIN stock traded down $63.07 during trading on Friday, reaching $314.69. 31,265,570 shares of the company’s stock traded hands, compared to its average volume of 12,904,831. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $79.89 billion, a P/E ratio of 30.43, a PEG ratio of 26.32 and a beta of 3.70. Coinbase Global has a 1 year low of $142.58 and a 1 year high of $444.64. The firm’s 50-day moving average is $327.63 and its 200 day moving average is $259.64.

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.

PLTR stock traded down $4.08 during mid-day trading on Friday, reaching $154.27. 60,986,881 shares of the company traded hands, compared to its average volume of 52,655,748. The company has a market capitalization of $364.06 billion, a P/E ratio of 670.74, a P/E/G ratio of 13.50 and a beta of 2.60. Palantir Technologies has a 52-week low of $21.23 and a 52-week high of $160.89. The company has a fifty day moving average price of $140.37 and a 200-day moving average price of $111.96.