1. Dash 2 Trade (D2T)
Industry: Crypto Analytics
Dash 2 Trade is one of the most popular assets to catch investors’ attention recently, yet it is not a stock, but is in fact a pioneering crypto analytics project that is able to offer all of the tools and services that crypto traders need within one easy-to-use all-in-one platform, which is hosted on the Ethereum blockchain, which means that it is entirely decentralised. One of its key features is that it is able to provide accurate and actionable information to crypto traders, empowering them to make better market decisions, and the real key to this is that traders are jumping on board and praising its functionality, which means that the wider community will soon embrace it even more.
The platform includes such tools as trading signals, social sentiment indicators , regular trading competitions, instant CEX/DEX listing alerts, a tailor-made strategy builder, in-depth back-testing features, and a crypto presale scoreboard – these are tools that those who buy cryptocurrency regularly will definitely benefit from. The platform can help traders identify high-potential coins and avoid pump-and-dump schemes, while also helping traders to connect within its community-focused Discord server, where traders can interact and share ideas.
This is all still in development but a recent $15m funding round will help with the capital for the development team to achieve their strategic goals.
2. Nvidia (NVDA)
Nvidia is a US-based tech company and industry leader in the semiconductor sector, which is best known for creating GPUs and APIs, and for being at the forefront of artificial intelligence (AI) technology, and even having a footprint in the crypto market. NVDA shares have had a solid start to 2023, though the company recently released its fiscal Q4 trading report, which showed that quarterly revenue had declined 21% compared to the same period last year, which was somewhat offset by the outstanding performance of Nvidia’s data centre segment, which grew by 11%.
Nvidia is set to soon launch AI cloud computing services in order to meet rising demand, while the recent boom in the AI sector is also good news for the company’s chip production since many businesses will always need powerful chips to operate these new systems. This is a strong company with good management and solid financials, and it has been performing well for a number of years, and it has a lot of upside still to come due to the fact that it has a foothold in so many important sectors.
3. Intel Corporation (INTC)
Intel is another US-based technology company which is best known for producing semiconductor chips, and for being one of the major players and industry leaders in the PC market. However, the company’s stock price has suffered this year, the main reason being Intel’s recent Q4 2022 earnings release, which revealed dire results for Q4 of last year, with a loss of $700m, caused by a 32% decline in quarterly revenue due to a slowdown in demand in the PC market in general.
Following the poor earnings report, the company’s management decided to cut dividends by more than a staggering 60%, which was obviously viewed bearishly by the market since it reduces Intel’s yield to now less than 2%. Furthermore, the guidance for Q1 2023 hints that revenues could be up to 40% less than the same period last year, which means that it’s a tough time right now for shareholders, but actions taken by management now, and an inevitable upturn in the PC market soon, will no doubt lead to an upside in the medium-term future.