Best IT Stock to buy now in USA

Best IT Stock to buy now in USA

Information technology (IT) sector comprises of businesses that deal in goods and services in electronics, software, computers, artificial intelligence (AI), and other tech related industries. This sector involves companies with the largest market capitalizations in the world, including big names such as Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN). Following is a list of some of the best IT stock to buy now in USA, including some best valued stocks and few others that are rapidly making their way to the top based on their recent performance and statistics.

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Best IT Stock to buy now in USA


1. Fidelity National Information Services Inc.

Fidelity National Information Services (FIS) is an IT based company that provides with financial technology solutions for firms such as merchants, banks, and the ones engaged in capital markets. Their technological services provide solutions for the various needs like payment, banking, and investment of customers, numbering more than 20,000. It was in the early August that they announced their financial results for Q2 FY 2021 which ended by June 30, 2021. Net earnings attributable to the common stockholders of the company are as high as nearly 18 times as their revenue expanding around 17% compared to the year-ago quarter. Revenue growth accelerated across all three of its operating segments, which are namely Merchant, Banking, and Capital Markets. Thus the investors can bank on this IT stock to buy now in USA

PRICE($)                      : 125.04
MARKET CAP($B)      :
77.2
Revenue Growth(%) :
17.3


2. Advanced Micro Devices Inc.:


Advanced Micro Devices, is a global semiconductor company. They are known for producing x86 microprocessors, chipsets, graphics processing units (GPUs), and other high-performance computing, graphics, and visualization technologies. Evidently its products and services are widely being used for gaming, digital platforms, and data centers. The company operates in 35 locations worldwide.

PRICE($)                      : 119.82
MARKET CAP($B)      :
145.3
Revenue Growth(%) :
99.3

3. The Trade Desk Inc.:


They’re a group which offers  cloud-based platform that allows their customers to create, manage, and optimize data-driven digital advertising campaigns. Also marketers can use the platform to tailor ad campaigns across a range of ad formats, such as display, video, audio, native and social, and also across various devices, such as computers, mobile devices, and connected TV.

PRICE($)                      : 73.96
MARKET CAP($B)      :
35.4
Revenue Growth(%) :
100.9

4. NVIDIA Corp.:

Best IT Stock to buy now in USA


NVIDIA are the world renowned GPU makers, which is basically a type of computer chip originally designed for computer graphics. GPUs, once used primarily for personal computer (PC) gaming, have been increasingly in demand for the trending fields such as cryptocurrency mining and machine learning. Moreover their products are also usable in the markets of gaming, professional visualization, data center, and automotive. So it definitely makes to the list of the best IT Stock to buy now in USA

PRICE($)                      : 227.26
MARKET CAP($B)      :
568.2
Revenue Growth(%) :
68.3

5. Cloudflare Inc.


They’re a global cloud service providers. Their platform provides with network services that enhance the security and performance of customers’ websites and critical business applications. Around 25 million Internet properties utilize Cloudflare’s services, and the company serves about 25 million HTTP requests per second. In early August, they announced financial results for Q2 FY 2021 that ended around June 30, 2021. However, there’s also some other side of the story, report claim that their loss widened to $35.5 million from the net loss in the year-ago quarter. In spite of this huge net loss, their quarterly revenue rose 52.9% YOY as according to resources, they managed to add a record number of large customers during the quarter.

PRICE($)                      : 181.35
MARKET CAP($B)      :
58.03
Return(%)                   :
224.9


6. HubSpot Inc.


HubSpot indulges in a cloud-based marketing and provides with a sales software platform to help enterprises grow. They offer customer relationship management (CRM), content management software (CMS), marketing and sales, and other management solutions. HubSpot serves more than 121,000 customers in more than 120 countries. In early August, the company had announced financial results for Q2 FY 2021 ended June 30, 2021. HubSpot’s net loss narrowed slightly to $24.6 million compared to the year-ago quarter. In addition to this, it was reported that their revenue rose 52.6% YOY.


PRICE($)                      : 814.16                                     
MARKET CAP($B)      :
38.3
Return(%)                   :
163.3

7. Bill.com Holdings Inc.:


Bill.com are another such group that provides with cloud-based software that simplifies, digitizes, and automates back-office operations that are targeted for small and midsize businesses (SMBs). Moreover, the main objective of the company is to help SMBs to manage their cash inflows and outflows. They are known to serve around more than 80% of the top 100 U.S. accounting firms. Moreover in early September, the company announced that it completed its acquisition of Invoice2go, a mobile-first accounts receivable software provider, for approximately $625 million.


PRICE($)                      : 302.13                                     
MARKET CAP($B)      :
30.8
Return(%)                   :
175.1

8. Fortinet Inc.


Fortinet is typically a cybersecurity company that has been serving enterprises, service providers, and government organizations worldwide. Its Security Fabric platform is known for their AI and machine learning technology that provides their clients with security solutions for networked, application, cloud, and mobile environments. The company has more than 500,000 customers around the world. Thus making it a probable IT Stock to buy now in USA


PRICE($)                      : 335.29                                     
MARKET CAP($B)      :
54.8
Return(%)                   :
161.6

Best IT Stock to buy now in USA

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Note: This is our research and if you want to take a risk you can, please research your own and then buy

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