Three High Performing Tech Stocks in the First Month of 2018

February 1, 2018
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January has been a rollercoaster ride for some stocks, but in general the stock market is doing well. Tech stocks in particular have been healthy, and here’s a recap of the best performers from January of 2018.

Tech Stocks:

Advanced Micro Devices Inc. (NASDAQ: AMD)

AMD has spent years in the shadow of Intel, unable to compete in the CPU market. 2017 brought massive changes for the company, with a new microprocessor architecture that was well received by the tech press and consumers, sending profits upwards and increasing AMD’s stock value.

AMD stock started 2018 at just over $10. Today they’re almost up to $14.

Analysts are optimistic that AMD will continue to perform well this year, as the company plans to release refreshed products at competitive price points. AMD also supplies microprocessors for both the PlayStation 4 and Xbox One consoles, giving them a major share in both the personal computer and home console market space.

Apple Inc. (NASDAQ: AAPL)

Always a high performer, Apple is one of the darlings of the investment world. Apple’s current stock value is higher than any peak from 2015 and 2016, and is still higher than it was throughout most of 2017. Apple has lost some value in January, but that doesn’t exactly mean that the stock is performing poorly. Current trading is above $167 per share, which is not far off the $178 peak from earlier in January of this year.

Apple stocks are long term winners. Although values have dipped throughout history, the trajectory for the past three years has been mostly upward. Apple is not just the largest tech company, but it’s also the largest public corporation by market capitalization. Apple remains a solid investment and the current dip in value could represent a great opportunity for new investors.

NVIDIA Corp. (NASDAQ: NVDA)

Graphics processing chip manufacturer, NVIDIA, has some of the highest valued stock on the NASDAQ this month. Trading at $241 at the beginning of February, NVIDIA has grown significantly from an opening of $213 at the start of 2017.

NVIDIA is the undisputed market leader in the consumer and professional graphics card market, and is also a major provider of microprocessor technology used in the video game entertainment industry. NVIDIA’s products are also heavily utilized in large scale computing, machine learning, and cryptocurrency mining.

At this time last year, NVIDIA was trading at just over $114. There’s still potential for this stock to go up, especially considering that their core products will continue to be in high demand throughout 2018 and beyond.

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