Oct 31, 2021 (StockMarket.com via COMTEX) -- 4 Tech Stocks To Watch In November 2021
When looking for the top tech stocks in the stock market right now, investors are spoilt for choices. It all depends on what you believe will be the dominant tech that would shape the future. Whether it is a cloud computing company such as Microsoft Corporation ( NASDAQ: MSFT ) or an electric vehicle company such as Tesla Inc ( NASDAQ: TSLA ), they all heavily rely on the intricacies of technology to improve their products and offerings. Given how reliant we are on technology today, it would be a safe assumption that this trend would likely continue.
As we cruise through the third-quarter earnings season, many of the tech stocks are reporting better-than-expected numbers. Smart investors who anticipated this would have benefited greatly. Take Silicon Laboratories ( NASDAQ: SLAB ) as an example. The company stock climbed over 20% in response to a strong third-quarter earnings report. It posted adjusted earnings per share of $0.34, far exceeding the expectations for $0.15. And there may be other companies with similar potential in the tech space today. With that in mind, do you have a list of the top tech stocks in the stock market today?
Best Tech Stocks To Watch Heading Into November 2021
Intel Corporation ( NASDAQ: INTC )
NVIDIA Corporation ( NASDAQ: NVDA )
Wolfspeed Inc ( NYSE: WOLF )
Teradyne, Inc. ( NASDAQ: TER )
Let us start the list with one of the top names in the tech space, Intel. Sure, it may have fallen off some investors' radar over the years, but the fact remains that it is still one of the industry leaders. Since Pat Gelsinger became the CEO earlier this year, the company has been actively trying to regain its throne with plenty of exciting developments.
For instance, the company launched the first products in the 12th Gen Intel Core(TM) family on Thursday. This would include the Intel Core i9-12900K, the world's best gaming processor. It has a new performance hybrid architecture that delivers leaps in multi-threaded performance while enabling up to two times faster creation compared to prior generations. Safe to say, the company will be delivering new levels of leadership performance for generations to come.
In addition, the company and Helbiz ( NASDAQ: HLBZ ) have strengthened their global partnership recently. Helbiz will expand the integration of its electric vehicles (EV) within Intel's Moovit app. This means that Moovit users will have access to Helbiz's suite of micro-mobility vehicles in more than 35 of its operating cities. All in all, it appears that the best is yet to come for Intel. So, would you add INTC stock to your watchlist today?
Nvidia is an American multinational tech company that specializes in graphics processing units (GPUs). For most parts, it caters to the gaming and professional markets, as well as system on chip units (SoCs) for the mobile computing and automotive markets. Impressively, NVDA stock has soared more than 90% since the start of the year.
Despite its success over the years, the company continues to innovate and push its boundaries. Just last week, the company announced its next-generation cloud gaming platform that will be available exclusively in a new, high-performance membership tier. The GeForce NOW RTX 3080 membership tier will provide gamers with access to the greatest-ever generational leap in GeForce history. How is this so? Well, it will deliver the highest resolutions and fastest frame rates, paired with the lowest latency.
It is a good time to be alive for gaming enthusiasts this year. We also saw the company announcing that Electronic Arts ( NASDAQ: EA ) will be bringing more of its hit games to the NVIDIA GeForce NOW(TM) cloud gaming service last month. It begins with Battlefield Revolution, Mirror's Edge Catalyst, Unravel Two, Dragon Age: Inquisition, and Apex Legends. With this flurry of exciting developments, do you have NVDA stock as a top tech stock to watch now?