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Tech stocks are primarily the hottest areas of the stock market. Investors closely follow this sector because of its track record for high returns and potential growth in the future. After sky-rocketing in 2020 and 2021, many growing tech stocks have suddenly slammed their brakes. But investor optimism has helped these businesses to grow at a steady pace. Today, Analytics Insight lists the top 5 tech stocks for December 7, 2021.
Price today: US$300.37
Market cap: US$748.522 billion
NVIDIA Corporation is an American multinational technology company and is a major producer of graphic processing units (GPUs) for the gaming and professional markets. NVIDIA expanded its presence in the gaming industry with its handheld game consoles and its Android cloud gaming service called GeForce Now.
Price today: US$21.90
Market cap: US$18.301 billion
Heading into 2021, Robinhood seemed like it would become one of the year's most promising initial offerings, or IPOs. The company's trading app gained tremendous market share among the young generation of traders. The game-like features have helped Robinhood gain massive momentum and popularity in social media, as people keep posting about their huge gains and losses on the app.
Price today: US$232.01
Market cap: US$44.442 billion
Spotify can be considered one of the best stocks to buy in December 2021. Currently, Spotify is investing heavily in podcasts and other content audio, along with building its advertising platform. The company's efforts in merchandise and events with musical artists have also helped Spotify broaden its reach.
Price today: US$258.75
Market cap: US$253.316 billion
Salesforce is a cloud software leader that is a perfect hedge against inflation. It operates the world's largest cloud-based customer relationship management system, which enables large organizations to track and analyse all of their customer relationships. It also cross-sells additional marketing, e-commerce, analytics, and app development services to lock its clients into its cloud-based ecosystem.
Price today: US$8.77
Market cap: US$2.837 billion
Sabre is a travel software company that runs a ticketing system for airlines, cruise lines, hotels, and other such businesses. It serves as a marketplace where companies such as airlines post their tickets and schedules and buyers such as online travel agents can assess the competition and make informed decisions.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
