Simon’s Top Stock for March 2021
March 1, 2021
The world’s demand for processing power is skyrocketing. Exciting new applications like self-driving cars, natural language processing, or weather forecasting simulations are computationally intensive. And there’s an extreme shortage of hardware vendors who can provide the necessary horsepower to keep up with these demands.
7investing lead advisor Simon Erickson’s Top Stock for March is a company who’s responding to those challenges. As a leader in the semiconductor space, its innovative technology is helping it win share in some very lucrative new markets.
Its growing sales and expanding profit margins have rewarded investors with an incredible 5-year total shareholder return. Simon thinks the good times will continue to roll. The company’s stock still sells at a significant discount to its industry peers, meaning it could have plenty more gains in store for investors.
The world is undergoing a computing renaissance.
Semiconductor chips are not just being used for desktop and laptop computers, but are increasingly finding their way into high performance computing applications. That could include rendering and then labeling the footage from massive amounts of video, understanding the complexities of voice for natural language processing, or powering the highly complex simulations for weather and climate forecasting. Each of those applications is incredibly demanding.
I’m 7investing lead advisor Simon Erickson. And my top stock for March is responding to the needs of the computing industry’s increasing demands.
High Performance Computing is no easy task. It involves trillions of operations being crunched every single second, which requires a massive amount of power and gives off a ton of heat. But clever organizations are finding ways to do software development and engineering upfront, to avoid several of these complications. And they’re looking for innovative vendors who have technologies that can respond to their needs.
My recommendation this month is exactly that type of company. Whose intellectual property and technology is responding to the needs of the modern computing era.
To see the name of the company that I’m recommending, simply click on the link at the end of this video to get started with 7investing today. You’ll get direct access to my report, as well as all seven of our top stock market recommendations for this and future months. We are here to empower you to invest in your future. We are 7investing!