Embrace the Future or Miss Out: 11 Emerging Tech Stocks That Could Overshadow Google

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Technology has led to an innovational change in how we live and has empowered many businesses to innovate and grow. While many tech giants do not need any mention, and their name speaks for themselves, like Google, Apple, and Microsoft, many tech companies are joining this race and emerging as top players in the technology industry. 

Here’s a look at 11 emerging tech stocks that can overshadow the existing players in the market:

Benchmark Electronics Inc. (NYSE: BHE)

Benchmark Electronics is an emerging player in electronics manufacturing services, engineering service provider, and product design. Its customers include names like Medtronic, Sun Microsystems, and iRobot. Benchmark’s latest earnings release of Q2 FY 2023 showed results beating estimates with reported EPS of $0.48 and quarterly revenue of $733 million. 

Samsara (NYSE: IOT)

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Headquartered in San Francisco, California, Samsara is an IoT company that enables businesses to monitor their operations by providing services such as GPS fleet tracking, OEM telematics, and AI-enabled dash cams. Samara’s products help in tracking vehicle performance to reduce accidents. It beat estimates in its Q2FY2024 earnings at $0.01 a share by 150%. It has also beaten EPS estimates for four consecutive quarters. 

MongoDB, Inc. (NASDAQ: MDB) 

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MongoDB is an open-source NoSQL database management program that works as a modern alternative to traditional databases. The company just reported exceptional numbers for Q2 2024. Revenues came in at $424 million, up 40% compared to last year. Net loss came in at $37.6 million compared to $118.9 million, another massive improvement for the company.

Nvidia (NASDAQ: NVDA) 

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The sudden boom in artificial intelligence has made Nvidia one of the most valuable companies in the world. AI is the tech world’s future, paving the way for Nvidia’s dominance in the industry. Nvidia’s market cap of almost $1.2 trillion makes it one of the most promising stocks today. 

Applied Materials (NASDAQ: AMAT) 

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Applied Materials is another semiconductor stock. It has a “Buy” rating by almost all analysts. And for good reason, too – the company has beaten street estimates for four straight quarters. Revenue for the latest quarter came in at $6.4 billion, and EPS was $1.9 compared to expectations of $6.15 billion and $1.74, respectively. The company’s revenues are expected to go up, and its earnings should move up, too.

Clearfield Inc. (NASDAQ: CLFD) 

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Clearfield operates in the fiber network space. With the internet becoming an indispensable part of human life, fiber product companies will grow exponentially in the coming years. Moreover, Clearfield has been doing great in its revenue, which was reported at $61.3 million for Q3 2023. The company’s revenues have fallen for four straight quarters, but they have managed to beat street expectations each time, giving it a spot on this list.

Advanced Micro Devices (NASDAQ: AMD) 

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AMD is another company that has seen its numbers drop for consecutive quarters, but we think it’s a buy right now. In the latest earnings call, CEO Lisa Su said that AMD has seen a 7-fold increase in engagement with AI-focused customers. If you missed out on Nvidia and want to catch the next big thing in AI, this semiconductor stock might be ripe.

Palantir Technologies (NYSE:PLTR) 

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Peter Thiel founded Palantir Technologies, another company that has already reaped AI benefits. Still, this cybersecurity and data analytics company has a long way to go. That said, Morgan Stanley just downgraded the stock, which is weak. This could be a solid time to buy as the company tries to sell its AI offering to its clients. Cathie Wood’s ARK Invest purchased $10 million worth of stock when it fell recently. 

Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) 

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Most of the merging tech stocks are semiconductor companies as the growth potential is massive and high as semiconductors’ applicability in the new technological innovations, such as software, electric vehicles, etc., is enormous. With a Price-Earnings Ratio of 16.32 and dividend yield of 1.95%, the company has a great potential to go higher steadily in the long run.

Oracle Corporation (NASDAQ: ORCL) 

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An oldie but a goodie. You can never count Oracle out of the running as a future disruptor. It announced a 17% increase in revenue for the second quarter of 2023. Oracle Corporation is also one of the most well-known technology businesses in the world today, rising to the top through solid financial results. It has beaten Street estimates for the last three quarters. 

ServiceNow, Inc. (NYSE: NOW) 

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ServiceNow offers enterprise cloud computing solutions. For Q2 2023, the company announced $2.15 billion in revenue, a 23% increase over the comparable quarter last year. During the quarter, the supplier released new solutions that are believed to integrate generative AI into its Now platform for automating digital operations. It is one of the most often used services in large multinational corporations, making it an obvious emerging tech stock.

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Join 20,000+ Traders & Investors by getting our FREE weekly Sunday Cheat Sheet email. Get key market news and events before everyone else. Click Here to See if you Qualify.

This Options Discord Chat is The Real Deal

While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.


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