While Chinese tech stocks face regulatory woes, domestic names in the tech industry continue to shine. For the most part, this section of the stock market today remains active. Understandably, with the world’s increasing reliance on tech, this would make sense. If you think about it, tech is present in most facets of our lives. This includes our handheld electronics, cars, homes, and even critical infrastructure across nations to name a few. Given the vast applications of tech today, investors have plenty of tech stocks to choose from.
Not to mention, with Delta variant cases on the rise, more companies are delaying employees’ return to physical offices. As a result, we could also see continued momentum among enterprise software stocks. This would include companies such as Fastly (NYSE: FSLY) and Twilio (NYSE: TWLO) for example. To date, both FSLY stock and TWLO stock are now sitting on gains of over 180% since their pandemic era lows. Having read all of this, I could understand if you are interested in the top tech stocks in the stock market now. In that case, here are five worth noting.
Best Tech Stocks To Watch Right Now
- Apple Inc. (NASDAQ: AAPL)
- Coinbase Global Inc. (NASDAQ: COIN)
- Microsoft Corporation (NASDAQ: MSFT)
- Facebook Inc. (NASDAQ: FB)
- Magnite Inc. (NASDAQ: MGNI)
Apple is a tech company that specializes in consumer electronics and online services. In fact, the company is one of the largest technology companies in the world by revenue and also one of the most valuable. On top of its premium line of smartphones and tablets, the company also provides a wide array of services like Apple Music and Apple TV. In late July, the company reported its third-quarter financials.
Diving in, it posted a record revenue of $81.4 billion for the quarter, increasing by 36% year-over-year. Also, Apple reported a quarterly earnings per diluted share of $1.30. The company says that subscription services reached an all-time high and that it reported revenue records in each of its geographic segments. It also saw double-digit growth in each of its product categories and a new all-time high for its installed base of active devices. All things considered, do you think AAPL stock is a top tech stock to watch right now?
Coinbase Global Inc.
Coinbase is a company that operates a cryptocurrency exchange platform. It allows its users to send and receive Bitcoin easily and securely. Impressively, it is one of the largest cryptocurrency exchanges in the U.S. by trading volume. With over 68 million verified users and having a quarterly traded volume of $462 billion, the company’s platform is available in over 100 countries. Last week the company announced an exciting piece of news.
To begin, Coinbase announced that it will be changing its investment policy. The company also says it has committed to invest $500 million of its cash and cash equivalents into crypto assets. Moving forward, it will also allocate 10% of its quarterly net income into a diverse portfolio of crypto assets. This would mean that the company will be the first publicly-traded company to hold Ethereum, Proof of Stake assets, DeFi tokens, and many other crypto assets supported for trading on its platform. With this exciting piece of news, will you consider watching COIN stock?
Next on this list, we have Microsoft, a multinational technology company that produces computer software and electronics. It is best known for its software products like the Microsoft Windows line of operating systems and also Microsoft Office, its productivity applications.
Last week, Thursday, the company said that it will be raising the prices of commercial subscriptions to its Microsoft 365 (formerly known as Office 365) bundles of productivity apps such as Word and Excel in 2022. The price increase will…
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