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Should Investors Buy These Tech Stocks Right Now? 3 Names To Watch

Are These Top 3 Tech Stocks On Your 2020 Watchlist?

There are a plethora of tech stocks that have been trending in the stock market in 2020. As of this year, US tech stocks are worth more than the entire European stock market. We actively live in a world where technology is always advancing. Currently, more digitally focused tech companies are seeing the large end of the profits. This is due to the coronavirus pandemic keeping everyone at home during the current uncertain times.

Computer hardware and gaming are also climbing in the market this year. This is occurring for the same reason that digitally-focused companies are performing well. It seems like there is no end in near sight for the economic issues that we are dealing with in the world. This is only giving room for tech stocks to continue to rise. So now let’s look at three top tech stocks that have managed to stay sturdy throughout the year.

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Top Tech Stocks To Watch In 2020: Sony Corporation

The first tech stock that has made the list is Sony Corporation (SNE Stock Report). Sony is a tech industry giant that is one of the largest companies in the world. In fact, Sony is at number 116 on the Global Fortune 500 list. Sony is gearing up to release its PlayStation 5 this coming winter which is a major release for the company. Its competitor? We’ll get to that in the next section. Sony has yet to release a price or launch date for its console.

Sources are saying that an announcement will be coming soon from the tech company. If the PS5 outperforms its competitor then Sony could bring in a great amount of profit. Both Sony and its competitor are releasing a new game console this Holiday 2020. Overall in 2020, SNE stock is up 13.23% or so. If Sony’s PlayStation 5 becomes a big winner this holiday season, it is sure to have an effect on SNE stock price.

Top Tech Stocks To Watch In 2020: Microsoft Corporation

Now it’s time to discuss Sony’s fierce competitor in the console war, Microsoft Corporation (MSFT Stock Report). Microsoft has made the news recently for a couple of reasons such as possibly acquiring TikTok in the future. But let’s focus on one of the company’s best selling products; the Xbox. Microsoft has announced that it is releasing its Xbox Series X and Xbox Series S this holiday season. Both Sony and Microsoft announced their consoles, but only Microsoft has released a date and price point.

The Xbox Series X will cost $499 and the Xbox Series S will cost $299. Both are expected to launch on November 10th. These are prices that could be difficult for Sony to compete with. Only time will tell when Sony announces what its console(s) will be priced at. This places Xbox as a direct competitor to PlayStation, which has been seen many times in the past. If Xbox beats PlayStation in sales, then MSFT stock price will more than likely be affected. That is why Microsoft is a tech company for your watch list.

[Read More] Top 3 Stocks To Watch Ahead Of Their Earnings

Top Tech Stocks To Watch In 2020: NVIDIA Corporation

The last tech stock on this list, NVIDIA Corporation (NVDA Stock Report) isn’t necessarily a direct competitor to the consoles above. But NVIDIA dominates the market for PC GPUs, which are essential for all PC gamers. NVIDIA announced its 3000 lineups of GPUs on September 1st. This includes the 3070, 3080, and 3090. Its mid-tier 3080 card, is two times faster than the previous 2080, and even faster than the 2080Ti of the previous generation.

Yes, this is good, but how does this make it a competitor to the above? Well, for the first time in decades, the new generation is actually priced better than the previous generation despite being newer and faster technology. Nvidia’s cards start shipping on September 17th, beating the consoles in the race. This could have many gamers choosing to go with a PC instead of a gaming console this year. This could also help Advanced Micro Devices Inc. (AMD Stock Report) or Intel Corporation (INTC Stock Report) as they are generally paired with NVIDIA’s products. That is what solidifies NVDA stock’s position on this list of tech stocks to watch.

By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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