The technology sector, a dynamic realm of the stock market, is home to companies spearheading electronics, software, computers, and artificial intelligence. From behemoths like Amazon (NASDAQ: AMZN) to startups, tech stocks present a spectrum of investment opportunities appreciated for high growth potential and innovation-driven gains, drawing the interest of many an investor.
Investing in tech stocks holds allure with its promise of significant growth and exposure to transformative products and services. Tech companies, leading in cloud computing and AI, open doors to new market horizons. Nevertheless, volatility and valuation anxieties loom, with tech stocks dancing to the tunes of market sentiments, regulations, and economic tides, causing substantial price swings.
To dive into tech stocks, one must wield a blend of risk assessment and market acumen. While lucrative returns loom, vigilance on company fundamentals and tech trends is key. Brace yourself for swift technological shifts and stock price somersaults. And now, presenting two tech stocks ready for spotlight in today’s stock market.
Tech Stocks To Watch [Or Avoid] Now
Apple (AAPL Stock)
Behold Apple Inc. (AAPL), the global tech maven renowned for its top-tier consumer electronics, software, and services like the iPhone, iPad, and Mac computers. The distinguished App Store, Apple Music, and iCloud bear testimony to Apple’s brand supremacy and design excellence.
Newsflash: Apple’s second-quarter 2024 financial results stole the limelight. Blasting through the estimates, Apple unveiled earnings of $1.53 per share, with revenue touching $90.75 billion. Projections for the third-quarter 2024 earnings sit snugly between $1.28 to $1.34 per share, with revenue pegged at $83.84 billion. Notably, AAPL stock kicked off Friday’s trading rally, soaring 5.96% to $183.38 per share.
Microsoft (MSFT Stock)
Enter Microsoft Corporation (MSFT), an industry powerhouse revered for its software suite including Windows, Microsoft Office, and Azure cloud service. Boosted by LinkedIn and Xbox, Microsoft’s footprint extends to personal computing with the Surface lineup.
Cutting to the chase, Microsoft’s third-quarter 2024 financials were a hit. Surpassing expectations, the tech titan recorded Q3 earnings of $2.94 per share, along with revenue hitting $61.86 billion. Revenue growth of 17.03% year-over-year added to the glow. Riding high, Microsoft’s shares soared 1.72% to $404.67 per share in Friday’s trading session.