There are many different opinions on whether the growth in the tech industry is a bubble or if it sustainable and here to stay. As of right now, the gains to be made on the tech stocks are still ripe for the taking. The main objective here is picking industry winners who do well at what they know and adapt to the market as it evolves. Here are three of our picks that we think will have a strong end to the 2018 year.
Microsoft Corporation (NASDAQ:MSFT)
If you’re on a computer, you’re most likely reading this article on a Microsoft device. This is because over 80% of computers operate on Windows OS, their proprietary computer operating system. Windows is commonly used by consumers, businesses, and even governments. We’ve chosen Microsoft due to their new Azure Stack software. The Azure Stack offers a wide-variety of cloud computing services on a subscription-based platform. These services are unique to cloud computing with services such as on-premise infrastructure, which is not offered by competitors in the US. The service is now available in 92 countries and regions world-wide and we are excited to see if it is adapted.
NVIDIA Corporation (NASDAQ:NVDA)
Every device with a display requires some sort of Graphics Processing Unit (GPU). The GPU market is forcasted to reach $157.1 billion, globally by 2022. NVIDIA so happens to be the industry leader in the GPU market, specializing in high-tech graphics cards for tasks such as gaming and design. Later this year they are set to release their new Turing chipset which is said to be the “Holy Grail of our industry.”
Advanced Micro Devices, Inc. (NASDAQ:AMD)
The well-known competitor the Intel in the computer processor space is Advanced Micro Devices, more commonly known as AMD. While Intel has to delay their 10-nanometer chip launch, Bank of America Merrill Lynch lifted their 12-month price target on AMD to $35 from $25. The analysts noted that AMD has a manufacturing advantage over Intel.