When looking at the broader stock market, tech stocks are among the most exciting stocks to invest in. For one, they are also some of the most relatable stocks as we utilize technology in our daily lives. Some say that the sky’s the limit when it comes to technology. Well, we may have gone well beyond that as commercial space travel could be a thing in the near future. This year, we saw Richard Branson of Virgin Galactic Holdings (NYSE: SPCE) and Amazon.com’s(NASDAQ: AMZN) founder Jeff Bezos visiting space as tourists.
Would space travel be possible without the technological advancement over the past few decades? Probably not. Now, I think we can agree that most industries today are dependent on technology. In fact, it would be reasonable to believe that any significant advancement in many industries would leverage some form of technology. With all these in mind, let’s take a look at some of the top tech stocks in the stock market today.
Best Tech Stocks To Watch This Week
- Paypal Holdings Inc (NASDAQ: PYPL)
- Intel Corporation (NASDAQ: INTC)
- Tesla Inc (NASDAQ: TSLA)
- NVIDIA Corporation (NASDAQ: NVDA)
First, we will be looking at the technology platform and digital payments company, Paypal. Essentially, the company’s tech platform allows consumers and merchants to make digital payments. Some of the notable payment solutions from the company would be Venmo, Xoom, PayPal, Braintree, and iZettle. PYPL stock has risen over 35% over the past year.
Starting this week, its customers in the UK will be able to buy, hold, and sell cryptocurrency through PayPal. Customers can choose from four types of cryptocurrencies: Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. Furthermore, they can view real-time crypto prices, access educational content, and learn more about cryptocurrencies through their PayPal account. With this, it would help people in the UK explore cryptocurrencies and expand the reach of the company.
Furthermore, the company announced that it will no longer charge late fees for missed payments on its buy now, pay later (BNPL) service globally. Eliminating late fees builds on PayPal’s commitment to delivering the most customer-centric, global installment solution portfolio that helps meet the needs of today’s consumers and merchants. The company has seen incredible response and adoption of flexible payment options. Given all these exciting developments, would PYPL stock be on the top of your watchlist?
Following that, we have the global tech giant, Intel. For those unfamiliar, Intel is a company that engages in designing and manufacturing products and technologies. The company’s processor chips are vital components in countless laptops and desktops in use today. With the resurgence in Delta variant cases globally, the company’s products and services could see a rise in demand yet again.
Earlier this month, SADA, a global business and tech consultancy, announced a pilot cloud optimization program along with Intel. Now, the program includes more than a dozen companies that include some of SADA’s largest customers. The program is intended to ensure its customer’s Google Cloud Platform environments are performing as efficiently as possible. In this day and age, the ability to adapt and quickly overcome disruption while maintaining continuous operations has become the new normal.
On top of that, the company continues to post strong financial updates throughout the…
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