Man, the Federal Reserve Chair Jerome Powell is talking about raising interest rates to fight inflation. He’s looking to make some moves at the December meeting, but it’s a delicate balance. The U.S. economy is flexing with a strong annual growth rate of 4.9%, but there’s a real need to slow down demand to rein in inflation.
But hey, we can’t forget about our investments. Let’s talk about three tech stocks that are really shaking things up.
First up, we’ve got Intel Corporation. These guys are all about semiconductor chips, and they’re killing it with a 45.04% YTD increase in stock. The semiconductor industry is set to blow up, and Intel is right in the middle of it. They’re focusing on production and AI, and they’ve got some serious new tech on the way.
Next, we’ve got Manhattan Associate Incorporated. These guys work on supply chain and inventory technology solutions and have seen a 70.93% increase in stock this year. Their Q3 numbers are solid, and they’re right in the mix of the e-commerce explosion.
And last but not least, we’ve got Applied Materials Incorporated. They’re a major player in semiconductor chip production for electronic devices, and they’re up 50% YTD. They’re doing big things in Silicon Valley with a multibillion-dollar R&D platform that’s going to drive some serious growth.
InvestorPlace contributor Michael Que is all over these stocks, and he’s got some real insights into what’s going to make these companies keep pushing forward. Keep an eye out for his reports, man.