With the Nasdaq trading at a record high, tech stocks would naturally gain traction among investors in the stock market. It is a given that there will be some turbulence in the economic recovery due to the coronavirus. So, investors will be looking for the industry with the best future growth potential. Well, the tech industry wouldn’t be off the list now, would it? Leveraging technology to make improvements has become a norm in various industries.
We need to look no further than Paypal (NASDAQ: PYPL) and Square (NYSE: SQ) to see the impact of technology in an industry. Making payments and transferring money has never been so easy. Whether it is the Cash App by Square or Venmo by Paypal, we could now make money a transaction from anywhere and at any time. Well, Paypal is even showing aspirations to explore ways to let its users trade stocks on its platform.
Overall, no one could be certain how the future would be given how rapidly technology is advancing. But it would be safe to assume that it will play a pivotal role in shaping our daily lives. 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 In September 2021
- Amazon.com, Inc (NASDAQ: AMZN)
- Anaplan Inc (NYSE: PLAN)
- Ambarella Inc (NASDAQ: AMBA)
- Broadcom Inc (NASDAQ: AVGO)
Firstly, we have the multinational tech company, Amazon. Put simply, the company has one of the largest e-commerce businesses in the world. Its products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. On top of that, the company also offers a number of tech services such as Amazon Web Services (AWS) and Amazon Prime. Being the tech juggernaut that it already is, it is no surprise that investors are always on the lookout for the company’s stock.
Yesterday, the company announced the opening of two delivery stations in Hanover and Baltimore. Delivery stations are pivotal in the company’s operations as they power the last mile of its order process and help speed up deliveries for customers. Also, it would offer entrepreneurs the opportunity to build their own business delivering Amazon packages or create their own schedule delivering for Amazon Flex. As e-commerce rises in popularity, Amazon’s core business and services are also in high demand.
On the same day, AWS announced that Arctic Wolf Networks has selected it as its primary cloud provider to power the company’s cloud-native security operations platform. The leading cybersecurity tech innovators will utilize AWS’s unmatched portfolio of cloud capabilities to process more than 1.4 trillion unique security events a week from its global growing customer base. With all said and done, would you still consider AMZN stock as a top tech stock to watch?
Following that, we have the cloud-based planning platform, Anaplan. The company’s platform connects organizations and people to make decisions. Also, by using the company’s Hyperblock technology, users can manage sales performance, including incentive compensation, sales forecasting, account segmentation, and scoring, and sales capacity planning. PLAN stock soared 10.3% on Wednesday’s trading session. So let us see what could have been the catalyst for this movement.
It appears that investors are responding positively to its…
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