Tech News Summary:
- The technology industry is thriving, and Teledyne Technologies Incorporated (TDY), TD SYNNEX Corporation (SNX), and AstroNova, Inc. (ALOT) are quality tech stocks to watch in December.
- Global IT services market is expected to grow, with public cloud services spending expected to increase by 20.4% in 2024, and global IT spending reaching $5.1 trillion in 2024.
- Teledyne Technologies Incorporated (TDY) announced its new family of next-generation CMOS image sensors, TD SYNNEX Corporation (SNX) reported impressive third-quarter revenue, and AstroNova Inc.(ALOT) saw improved gross profits but fell slightly in stock value over the past six months.
As the year comes to a close, investors are keeping a close eye on tech stocks that are poised for growth in December. Here are the top 3 tech stocks to watch for potential growth in the final month of 2021:
1. Amazon (AMZN): Amazon’s stock has been steadily climbing throughout the year, and experts believe that the holiday shopping season will only further boost the e-commerce giant’s revenue. With the company’s expansion into new markets such as healthcare and entertainment, Amazon is expected to continue its upward trajectory in December.
2. Apple (AAPL): Apple’s stock has been on a tear in recent months, and with the highly anticipated release of the new MacBook Pro and iPhone 13, the tech giant is expected to see a surge in sales leading up to the end of the year. Additionally, the growing demand for Apple’s services such as Apple Music and iCloud is expected to contribute to the company’s growth in December.
3. Nvidia (NVDA): Nvidia has been a standout performer in the semiconductor industry, and with the increasing demand for its graphics processing units (GPUs) in gaming, artificial intelligence, and cryptocurrency mining, the company is expected to see continued growth in December. Additionally, Nvidia’s recent acquisition of ARM Holdings is expected to further bolster the company’s position in the tech industry.
Investors are keeping a close eye on these tech stocks as they have the potential to see significant growth in December. With the holiday season in full swing and the ongoing digital transformation across industries, these companies are well-positioned to capitalize on the increasing demand for their products and services.