This post will look at the top 8 NASDAQ stocks to buy right now.
The Nasdaq Composite Index, often known as the NASDAQ Stock Market, is a market-weighted index of over 3,000 firms listed on the Nasdaq stock exchange.
Because many technology companies are listed on the Nasdaq, the NASDAQ index includes many technology companies. Because it is a market-weighted index, larger companies account for more of the index than smaller companies.
Given that some Nasdaq-listed technology companies have grown to be among the largest in the world, technology accounts for a sizable portion of the index’s weight.
Apple (AAPL)
Market Cap: 2.30 trillion
Price to earnings ratio: 23.65
Return on assets: 28.36%
Apple, Inc. creates, manufactures, and sells smartphones, personal computers, tablets, wearables, and accessories, as well as a variety of related services.
It operates in the following geographic areas: The Americas, Europe, Greater China, Japan, and the rest of Asia Pacific are all represented.
North and South America are included in the Americas segment.
Europe includes European countries as well as India, the Middle East, and Africa.
China, Hong Kong, and Taiwan comprise the Greater China segment.
Australia and Asian countries are included in the Rest of Asia Pacific segment.
IPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, AppleCare, iCloud, digital content stores, streaming, and licensing services are among its products and services.
Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak founded the company on April 1, 1976, and it is headquartered in Cupertino, California.
Microsoft (MSFT)
Market Cap: 1.88 trillion
Price to earnings ratio: 27.55
Return on assets: 19.14%
Microsoft was founded in 1975 by Bill Gates and Paul Allen to create PC operating system software at the commencement of the personal computer age. The company’s Windows operating system eventually emerged to dominate the PC market. Microsoft has expanded into productivity software, server software, internet services, video games, and PC hardware and accessories over the years.
Satya Nadella, the current CEO, took over the Redmond, Wash.-based corporation in 2014 and has driven Microsoft full-steam towards cloud computing.
Azure infrastructure services, Office 365 productivity software, and Dynamics enterprise software are currently among the company’s cloud products. Microsoft also owns LinkedIn, Skype, and GitHub.
Advanced Micro Devices Inc (AMD)
Market Cap: 142.39 billion
Price to earnings ratio: 95.96
Return on assets: 3.30%
Advanced Micro Devices, Inc. operates in the semiconductor industry. It operates in three segments: computing and graphics, enterprise, embedded, and semi-custom.
Desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs, and development services are all part of the Computing and Graphics segment.
Server and embedded processors, semi-custom System-on-Chip products, development services, and game console technology are all part of the Enterprise, Embedded, and Semi-Custom segment.
J. Sanders III created the firm on May 1, 1969, and it is headquartered in Santa Clara, California.
Amazon (AMZN)
Market cap: 1.072 trillion
Price to earnings ratio: 94.70
Return on assets: 2.795%
Amazon.com, Inc. provides online retail buying services. It operates in three business segments: North America, International, and Amazon Web Services (AWS).
The North America sector includes retail sales of consumer items and subscriptions via North America-focused websites such as www.amazon.com and www.amazon.ca.
The International sector sells consumer items and subscriptions through international-focused websites. The Amazon Web Services section is responsible for global sales of compute, storage, database, and AWS service offerings to start-ups, corporations, government agencies, and academic institutions.
Jeffrey P. Bezos launched the firm in July 1994 and it is headquartered in Seattle, Washington.
Tesla (TSLA)
Market cap: 594.51 billion
Price to earnings ratio: 50.02
Return on assets: 17.42%
Tesla, Inc. is a company that designs, develops, manufactures, and sells completely electric automobiles, as well as energy generating and storage technologies.
It also offers vehicle service centers, supercharger stations, and self-driving vehicles.
The business is divided into the following segments: Automobiles, as well as energy generation and storage.
The Automotive category covers electric vehicle design, research, manufacturing, and sales.
The Energy Generation and Storage division encompasses the design, production, installation, sale, and leasing of stationary energy storage devices and solar energy systems, as well as the sale to consumers of electricity generated by its solar energy systems.
It creates energy storage products for use in homes, businesses, and utility sites.
The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.
Nvidia (NVDA)
Market cap: 534.04 billion
Price to earning ratio: 89.10
Return on assets: 14.69%
NVIDIA Corp. creates and sells computer graphics processors, chipsets, and related multimedia software. It functions via the Graphics Processing Unit (GPU) and Tegra Processor segments.
The GPU section is made up of product brands that target certain markets, such as GeForce for games, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing customers.
The Tegra Processor sector comprises GPUs and multi-core CPUs to power supercomputing for autonomous robotics, drones, and vehicles, as well as consoles and mobile gaming and entertainment devices.
Jen-Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem founded the company in January 1993, and it is headquartered in Santa Clara, California.
Meta (META)
Market cap: 494.993 billions
Price to earning ratio: 17.84
Return on assets: 13.19%
Meta Platforms is a global social networking company.
The company creates social media applications that allow people to connect via mobile devices, personal computers, and other surfaces. It allows users to share their thoughts, ideas, photos, videos, and other online activities. Facebook, Instagram, Messenger, WhatsApp, and Oculus are among the company’s products.
On February 4, 2004, Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin started Facebook, which is based in Menlo Park, California.
Adobe (ADBE)
Market cap: 179.56 billion
Price to earning ratio: 38.01
Return on assets: 17.48%
Adobe, Inc. is a company that provides digital marketing and media solutions. It operates in three segments: digital media, digital experiences, and publishing.
The Digital Media section provides creative cloud services, allowing customers to download and install the most recent versions of applications including Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Lightroom, and Adobe InDesign, as well as use additional tools like Adobe Acrobat.
Analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management are among the solutions offered by the Digital Experience category, as are premium video delivery and monetization.
Legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing are included in the Publishing segment.
Charles M. Geschke and John E. Warnock founded the company in December 1982, and it is headquartered in San Jose, California.
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