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Despite severe market fluctuations caused by the pandemic, the stock market continued to grow. This is evident from the heavy tech innovations and investments by tech giants. Companies focused on providing quality services and products infuse their business with advanced technologies. For the most part, the pandemic supercharged the world's reliance on tech, resulting in an increased number of investors in the market. Today, Analytics Insight presents the top 5 tech stocks for investors on November 8, 2021.
Price today: US$50.92
Market capitalization: US$207.092 billion
Intel is one of the largest semiconductor companies in the world. The company designs and manufactures central processing units (CPUs) for laptops, PCs, and servers. It also produces specialty chips for various uses in artificial intelligence applications. The company is growing and setting its course to make chips for other companies as well.
Price today: US$160.07
Market capitalization: US$8.141 billion
Workiva is a tech company that simplifies the complex tech operations for thousands of companies. It is a global software-as-a-service company that provides a cloud-based connected and reporting compliance platform. Workiva allows its users to transform the way they manage business data.
Price today: US$61.76
Market capitalization: US$10.469 billion
Next on our tech stocks list is Penn National Gaming Inc, which focuses on managing and operating various gaming and racing properties. The company also owns Barstool Sports, a digital sports, media, and entertainment company. In total, it has approximately 50,000 gaming machines, 1,300 table games, and about 8,800 hotels across the country.
Price today: US$123.61
Market capitalization: US$110.794 billion
IBM has its presence in over 171 countries globally and is undoubtedly a giant in the tech world today. The company is active in a wide array of tech-related services and products. IBM has divisions with a special focus on cloud computing, enterprise software, and quantum computing technologies, to name a few.
Price today: US$57.07
Market capitalization: US$240.7 billion
Cisco is a dominant provider of enterprise networking hardware that forms the backbone of the internet. The company specializes in specific tech markets, such as IoT, domain security, and energy management. It also delivers innovative cloud-based and other high-technology services and products.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
