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The Zacks Analyst Blog Highlights: Microsoft, NVIDIA and ASML Holding
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For Immediate Release
Chicago, IL – September 13, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Microsoft Corporation (MSFT - Free Report) , NVIDIA Corporation (NVDA - Free Report) and ASML Holding N.V. (ASML - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Boost Your Portfolio with These 3 Promising Tech Stocks
Modern technologies are offering us amazing resources, making lives more efficient and increasing work productivity. Thus, with the use of technology increasing rapidly across the world, the investment opportunities have also risen manifold.
Rising Tech Adoption
The technology sector excelled last year, backed by rapidly increasing dependency on online solutions for work. Thus, with changing habits and technology companies disrupting older markets and lifestyles, long-term revenue growth for players belonging to the space is inevitable.
Migrating operations to the cloud has been becoming a common affair for every company across the world. The pace has picked up since the onset of the coronavirus pandemic. With cloud computing and remote work becoming essential, there has been a rise in demand for cybersecurity services. Thus, to support computing power, demand for companies that design and manufacture computer chips has skyrocketed.
Microsoft Corp. is the second largest provider of cloud infrastructure. Of the total cloud infrastructure services spending in the second quarter of 2021, the share of Microsoft Azure was 22%, only lagging Amazon Web Services (AWS) that accounted for 31% of the total spending, according to Canalys – a leading analyst firm. In terms of revenue growth in the June quarter, Microsoft Azure, however, outpaced AWS.
In all of technology, Microsoft offers the most comprehensive cloud software backed by its leading cloud products comprising Azure, Office 365 and Dynamics CRM. The company has gained 33.6% so far this year, driven by strength in its Azure cloud platform amid accelerated global digital transformation. For fiscal 2022, the company has witnessed upward earnings estimate revisions in the past 60 days, reflecting earnings growth potential.
NVIDIA Corp., a semiconductor chip company, is among the world's leading producers of graphics processing units (GPU). Being a pioneer in GPU production, the company has gained advantages over other players in the space in designing semiconductors for the AI industry. Since companies across the world are spending massively on AI, NVIDIA is well placed to generate significant cashflows in the long term.
While designing GPUs for high-end computer game graphics, the company has embarked on a venture. The company, headquartered in Santa Clara, CA, continues to have a strong foothold within its key gaming markets. So far this year, the stock has gained 69.9%, backed by contributions from gaming, data center and professional visualization markets.
ASML Holding is a well-known player in the market since it is a leading supplier of photolithography machines to semiconductor manufacturers. So far this year, the stock has gained 75% on mounting demand for chip manufacturing equipment.
The company will bank on its fat order book, which is at a record 8.3 billion euros, comprising 4.9 billion euros for extreme ultraviolet (EUV) systems. Thus, the company is well-positioned to generate significant cashflow over the long run. The stock has witnessed upward earnings estimate revisions for 2021 and 2022, respectively, in the past 60 days.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Microsoft, NVIDIA and ASML Holding
For Immediate Release
Chicago, IL – September 13, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Microsoft Corporation (MSFT - Free Report) , NVIDIA Corporation (NVDA - Free Report) and ASML Holding N.V. (ASML - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Boost Your Portfolio with These 3 Promising Tech Stocks
Modern technologies are offering us amazing resources, making lives more efficient and increasing work productivity. Thus, with the use of technology increasing rapidly across the world, the investment opportunities have also risen manifold.
Rising Tech Adoption
The technology sector excelled last year, backed by rapidly increasing dependency on online solutions for work. Thus, with changing habits and technology companies disrupting older markets and lifestyles, long-term revenue growth for players belonging to the space is inevitable.
Migrating operations to the cloud has been becoming a common affair for every company across the world. The pace has picked up since the onset of the coronavirus pandemic. With cloud computing and remote work becoming essential, there has been a rise in demand for cybersecurity services. Thus, to support computing power, demand for companies that design and manufacture computer chips has skyrocketed.
With technology companies becoming a great long-term investment option, we have employed our proprietary stock screener to zero down on three prospective stocks. All the three firms carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
3 Stocks in the Spotlight
Microsoft Corp. is the second largest provider of cloud infrastructure. Of the total cloud infrastructure services spending in the second quarter of 2021, the share of Microsoft Azure was 22%, only lagging Amazon Web Services (AWS) that accounted for 31% of the total spending, according to Canalys – a leading analyst firm. In terms of revenue growth in the June quarter, Microsoft Azure, however, outpaced AWS.
In all of technology, Microsoft offers the most comprehensive cloud software backed by its leading cloud products comprising Azure, Office 365 and Dynamics CRM. The company has gained 33.6% so far this year, driven by strength in its Azure cloud platform amid accelerated global digital transformation. For fiscal 2022, the company has witnessed upward earnings estimate revisions in the past 60 days, reflecting earnings growth potential.
NVIDIA Corp., a semiconductor chip company, is among the world's leading producers of graphics processing units (GPU). Being a pioneer in GPU production, the company has gained advantages over other players in the space in designing semiconductors for the AI industry. Since companies across the world are spending massively on AI, NVIDIA is well placed to generate significant cashflows in the long term.
While designing GPUs for high-end computer game graphics, the company has embarked on a venture. The company, headquartered in Santa Clara, CA, continues to have a strong foothold within its key gaming markets. So far this year, the stock has gained 69.9%, backed by contributions from gaming, data center and professional visualization markets.
ASML Holding is a well-known player in the market since it is a leading supplier of photolithography machines to semiconductor manufacturers. So far this year, the stock has gained 75% on mounting demand for chip manufacturing equipment.
The company will bank on its fat order book, which is at a record 8.3 billion euros, comprising 4.9 billion euros for extreme ultraviolet (EUV) systems. Thus, the company is well-positioned to generate significant cashflow over the long run. The stock has witnessed upward earnings estimate revisions for 2021 and 2022, respectively, in the past 60 days.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.