What are the Top 5 Tech Stocks: September 2020?
The technology sector is an embodiment of various businesses that have the ability to sell consumer goods and services, within fields such as artificial intelligence, computer and software management - alongside further industries that relate to information technology (IT). This sector comprises some of the largest tech companies to market capitalization, globally. These include: Microsoft Corp. , Apple Inc. , and Amazon Inc.
Tech stocks, as illustrated by the Technology Select Sector, have adequately outperformed the broader market, contingent upon investors with a total return of 56%, compared to the S&P 500’s total return of 22.5% over the previous year. Below are the current tech stocks that have had the highest total return over the past 12 months; top 5 tech stocks with the most momentum:
- NVIDIA Corp. Total Return - 197.1%
- Advanced Micro Devices Inc. Total Return - 164.4%
- Apple Inc. Total Return - 136.3%
- Technology Select Sector. Total Return - 56.0%
- S&P 500. Total Return - 22.5%
With pride of place at the top of the table, NVIDIA employs in the development, design and manufacturing of computer graphics processors, chipsets and other related multimedia software management systems. Their recorded revenue sits at $3.9 billion, up 50% and a 13% increase in net income. CEO Jensen Huang has ascertained that this enthused gain of growth has formed within their gaming products. The performance of the company reflects this, and in part, has expanded the use of said gaming products within the current global pandemic.
Tech giant Apple Inc. is engaged in the manufacturing, design and development of smartphone technology, computing, tablets and a variety of other Apple related software services. It is no secret that Apple has been continually increasing their product line, alongside the technological processes that go hand-in-hand with them. They announced in July that they ascertained a 12% gain in net income, with an 11% increase in quarterly revenue. The most prominent of their market derived from international sales, at 60%.
How will the tech stocks differ in October 2020?
SAS: Improving the British Army’s decision making with data
SAS’ long-standing relationship with the British Army is built on mutual respect and grounded by a reciprocal understanding of each others’ capabilities, strengths, and weaknesses. Roderick Crawford, VP and Country GM for SAS UKI, states that the company’s thorough grasp of the defence sector makes it an ideal partner for the Army as it undergoes its own digital transformation.
“Major General Jon Cole told us that he wanted to enable better, faster decision-making in order to improve operational efficiency,” he explains. Therefore, SAS’ task was to help the British Army realise the “significant potential” of data through the use of artificial intelligence (AI) to automate tasks and conduct complex analysis.
In 2020, the Army invested in the SAS ‘Viya platform’ as an overture to embarking on its new digital roadmap. The goal was to deliver a new way of working that enabled agility, flexibility, faster deployment, and reduced risk and cost: “SAS put a commercial framework in place to free the Army of limits in terms of their access to our tech capabilities.”
Doing so was important not just in terms of facilitating faster innovation but also, in Crawford’s words, to “connect the unconnected.” This means structuring data in a simultaneously secure and accessible manner for all skill levels, from analysts to data engineers and military commanders. The result is that analytics and decision-making that drives innovation and increases collaboration.
Crawford also highlights the importance of the SAS platform’s open nature, “General Cole was very clear that the Army wanted a way to work with other data and analytics tools such as Python. We allow them to do that, but with improved governance and faster delivery capabilities.”
SAS realises that collaboration is at the heart of a strong partnership and has been closely developing a long-term roadmap with the Army. “Although we're separate organisations, we come together to work effectively as one,” says Crawford. “Companies usually find it very easy to partner with SAS because we're a very open, honest, and people-based business by nature.”
With digital technology itself changing with great regularity, it’s safe to imagine that SAS’ own relationship with the Army will become even closer and more diverse. As SAS assists it in enhancing its operational readiness and providing its commanders with a secure view of key data points, Crawford is certain that the company will have a continually valuable role to play.
“As warfare moves into what we might call ‘the grey-zone’, the need to understand, decide, and act on complex information streams and diverse sources has never been more important. AI, computer vision and natural language processing are technologies that we hope to exploit over the next three to five years in conjunction with the Army.”
Fundamentally, data analytics is a tool for gaining valuable insights and expediting the delivery of outcomes. The goal of the two parties’ partnership, concludes Crawford, will be to reach the point where both access to data and decision-making can be performed qualitatively and in real-time.
“SAS is absolutely delighted to have this relationship with the British Army, and across the MOD. It’s a great privilege to be part of the armed forces covenant.”