Red hot blue-chip technology stocks to explore in 2022

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Red hot blue-chip technology stocks to explore in 2022

 Red hot blue-chip technology stocks to explore in 2022
Image source: Peshkova, Shutterstock

Highlights

  • Apple Inc (NASDAQ: AAPL) revenue rose 29% YoY in Q4, FY21.

  • Microsoft Corporation (NASDAQ: MSFT) declares a quarterly dividend of US$0.62.
     
  • Meta Platforms, Inc. (NASDAQ: FB) revenue jumped 35% YoY in Q3, FY21.

The blue-chip stocks are well-known, large companies and leaders in their respective sectors. Their solid business models drive growth, and they pay regular dividends that rise periodically.

These companies are financially sound and provide their services and products to billions of people worldwide. Therefore, they can weather any unexpected market crisis that may arise for various reasons—for instance, a health pandemic or a financial emergency.

Conservative investors that have a low-risk profile tend to invest in blue-chip stocks. Here we explore some of the top blue-chip stocks that might be poised for even bigger gains next year.

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Apple Inc (NASDAQ: AAPL)


Apple is a leading technology company based in Cupertino, California. It makes and sells consumer electronics and software products like iPhones, laptops, iPads, watch, etc.

The shares of the company traded at US$179.42 at 3:59 pm ET on Dec 10, up 2.78% from their closing price of Dec 9. Its stock value increased by 34.89% YTD.

The firm has a market cap of US$3.09 trillion, a P/E ratio of 31.73, and a forward P/E one year of 30.20. Its EPS is US$5.62.

The 52-week highest and lowest stock prices were US$176.75 and US$116.21, respectively. Its trading volume was 108,923,700 on Dec 9.

The company's revenue surged 29% YoY to US$83.36 billion in Q4, FY21. Its net income came in at US$20.55 billion, or US$1.24 per diluted share, compared to US$12.67 billion, or US$0.73 per diluted share in the year-ago quarter.

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Blue chip technology stocks: AAPL, MSFT, NVDA, TSM, FB

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Microsoft Corporation (NASDAQ: MSFT)


Microsoft is one of the largest technology companies and produces computer software, consumer electronics, etc. It is based in Redmond, Washington.

The stock was priced at US$342.54 at 4:03 pm ET on Dec 10, up 2.83% from its previous closing price. The MSFT stock rose 53.02% YTD.

The market cap of the company is US$2.56 trillion, the P/E ratio is 38.15, and the forward P/E one year is 36.36. Its EPS is US$8.94. The stock saw the highest price of US$349.67 and the lowest price of US$209.11 in the last 52 weeks. Its share volume on Dec 9 was 22,214,160.

The company's board of directors declared a quarterly dividend of US$0.62 per share, payable on March 10, 2022, to stockholders of record on Feb 17, 2022.

The company's revenue rose 22% YoY to US$45.3 billion in Q1, FY22, while its GAAP net income jumped 48% YoY to US$20.5 billion.

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NVIDIA Corporation (NASDAQ: NVDA)


Nvidia is a semiconductor manufacturing firm based in Santa Clara, California. It manufactures GPUs for gaming and other professional markets.

The shares of the company traded at US$301.96 at 4:19 pm ET on Dec 10, down 0.01%. Its stock value increased by 132.51% YTD. The firm has a market cap of US$754.95 billion, a P/E ratio of 93.06, and a forward P/E one year of 84.23. Its EPS is US$3.25.

The 52-week highest and lowest stock prices were US$346.47 and US$115.67, respectively. Its trading volume was 48,850,720 on Dec 9. The company's revenue soared 50% YoY to US$7.10 billion in Q3, FY22. Its net income rose 84% YoY to US$2.46 billion.

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Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM)


Taiwan Semiconductor is one of the major semiconductor manufacturing companies based in Hsinchu, Taiwan.

The stock of the company was priced at US$119.26 at 4:23 pm ET, up 0.11% in after-market trading on Dec 10. The TSM stock rose 6.98% YTD. The market cap of the company is US$617.81 billion, the P/E ratio is 30.24, and the forward P/E one year is 28.73. Its EPS is US$3.94.

The stock saw the highest price of US$142.19 and the lowest price of US$102.20 in the last 52 weeks. Its share volume on Dec 9 was 6,103,894.

The company's revenue increased by 16.3% YoY to US$14.87 billion in Q3, FY21. Its net income was up 13.9% YoY to US$5.61 billion.

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Technology stocks to explore in 2022

Source: Pixabay

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Meta Platforms, Inc. (NASDAQ: FB)


Meta Platforms, formerly known as Facebook, is a technology conglomerate firm that owns the Facebook website, Instagram, WhatsApp. It is based in Menlo Park, California.

The shares of the company traded at US$329.805 at 4:31 pm ET, up 0.02% in after-market trading on Dec 10. Its stock value increased by 22.64% YTD.

The firm has a market cap of US$929.71 billion, a P/E ratio of 23.54, and a forward P/E one year of 23.71. Its EPS is US$14.01.

The 52-week highest and lowest stock prices were US$384.33 and US$244.61, respectively. Its trading volume was 16,879,170 on Dec 9.

The company's total revenue increased by 35% YoY to US$29.01 billion in Q3, FY21, while its net income jumped 17% YoY to US$9.19 billion.

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Bottomline


The technology sector saw robust growth in 2021, driven by pandemic-fuelled demand. The Covid-19 pandemic has accelerated the digitalization process globally - one of the factors aiding its growth. The tech-savvy Nasdaq rose 21.29% YTD while increasing 8.20% QTD.

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