AAPL 173.18 2.2918% MSFT 397.84 0.7343% GOOG 168.46 1.7455% GOOGL 166.62 1.6844% AMZN 184.72 3.1955% NVDA 858.11 3.3357% META 441.84 0.6034% TSLA 180.1 0.0611% TSM 136.23 0.956% LLY 755.91 -2.683% V 267.61 0.1085% AVGO 1238.3 -0.3669% JPM 191.66 -0.1042% UNH 492.97 1.8302% NVO 124.02 -4.0167% WMT 59.71 1.4613% LVMUY 164.94 0.5609% XOM 116.24 0.181% LVMHF 825.49 0.3843% MA 441.1 -0.2194%
Following are the three main industry’s themes:
Outlook for American Technology Looks Bright
The technology sector appears to be moving at a favorable pace, following a recovery in the chip market, among other factors. It is to be noted that the ongoing adoption of cloud computing solutions, driven by the growing use of AI and ML technologies, is the key positive factor. In addition, constant improvement in electronic devices and chief breakthrough enhancements might lead to continuing adoption of wearables and smart-connectivity solutions, containing smart speakers and virtual reality/augmented reality (VR/AR) devices.
Moreover, technical progress in the telecommunication sector on enhanced implementation of 5G technology and increasing attempts in the direction of modification in Internet infrastructure may act as tailwinds. In 2021, Blockchain technology shined out of the shadows of crypto currency just like bitcoin. Further, the quantum computing market may also be propelled by the increasing demand for model ability boost and simulation of complicated data.
The American Technology Report aims to cover stocks with growing fundamentals and an attractive business model to support their growth stories. The companies in technology space offer growth opportunities from a medium to long-term perspective.