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Shopify (SHOP) , provides a multi-tenant, cloud-based, multi-channel commerce platform for small and medium-sized businesses (SMBs).Shopify delivered stellar first-quarter results. The top line benefited from growth in the number of merchants and increased buying of essentials due to COVID-19 induced lockdowns. Moreover, robust performance of Shopify Shipping, Shopify Payments and Shopify Capital are key catalysts. Shopify has a strong balance sheet with ample liquidity position and no debt obligations. The company continues to launch merchant-friendly applications to cater to the demands of a dynamic retail environment, thereby bolstering merchant base. Initiatives aimed at international expansion also remain noteworthy.
NVIDIA Corporation (NVDA) , is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU.NVIDIA is benefiting from strong growth in GeForce desktop and notebook GPUs, which is boosting gaming revenues. Moreover, an increase in Hyperscale demand remains a tailwind for the Data Center business. Further, the solid uptake of AI-based smart cockpit infotainment solutions is a boon. NVIDIA is gaining a decent market share among the gaming service providers. The strong line-up of advanced graphics cards has made it a favorite graphics card provider among the PC makers. NVIDIA is a cash rich company with a strong balance sheet and it boasts a sturdy cash-flow generating ability.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s…
Editor's Note:
Device Powers a Whole American City — Almost Free of Charge
Do you have this ugly power plant in your city…?
Believe it or not, it's about to be replaced by this tiny device here…
This technology can single handedly power a major American city … virtually free of charge!
Imagine no more electric bills.
No more power outages.
Just 100% clean American energy, on demand, power that never runs out.
That’s why the experts project it to create a new $51 trillion industry (that’s with a “t”).
Best of all, the tech giants aren’t behind this.
Instead, one tiny virtually unknown company has all 100 patents.
It’s on the cusp of an explosive 20,300% profit surge.
Click here for the full story.
