We expect these techs to go even higher

Article Excerpt

These three technology stocks are all up sharply in 2023, and are trading close to their all-time highs. While they now look expensive in relation to projected earnings and sales, we feel their leading market shares and top products will continue to give them a competitive advantage and push their shares even higher. NVIDIA CORP. $455 is a buy for aggressive investors. The company (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 2.5 billion; Market cap: $1.1 trillion; Price-to-sales ratio: 43.8; Dividend yield: 0.1%; TSINetwork Rating: Average; www.nvidia.com) is a leading designer of 3D-capable video chips; they make videogames run more smoothly and appear more lifelike. Nvidia has also adapted its chips for other applications, including artificial intelligence, datacentres and self-driving cars. The stock has soared over 200% since the start of 2023. That’s largely due to strong demand for its chips that power AI applications. Those applications include the popular ChatGPT online chatbot/search engine. In its fiscal 2024 first quarter, ended…