In the 21st century we are seeing the gradual evolution from the knowledge economy to the age of artificial intelligence and virtuality. The technology space is a rapidly changing marketplace, so our latest Capital Compass video takes a look at three global tech company stocks that are up big in 2024.
We analyze a cloud computing company with a year-to-date gain of more than 50 per cent after its first quarter results beat Wall Street estimates. The company has also partnered with Microsoft, Google and Amazon Web Services in an effort to gain additional revenue from customers that use multiple platforms.
We also highlight an all-encompassing chip company that has soared around 130 per cent year to date, adding $61 per share. The company’s annual net profits are up more than 200 percent, and shares continue to see an uptick despite a U.S. Department of Justice investigation.
The third tech company is a diversified global analog semiconductor supplier. Company shares have increased more than 9,000 per cent since inception, and year to date are up more than 41 per cent. In the past full year, shares have skyrocketed 76 per cent.
Watch the above video to find out more about these three global technology companies showing big gains from the start of the year.
This article originally appeared on Stockhouse and was reproduced with permission.
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.