Three techs poised for post-COVID gains

Article Excerpt

These three technology stocks shone as COVID-19 lockdowns spurred strong demand for their products. Even though the pandemic is easing, we still like their long-term prospects. NVIDIA CORP. $244 remains a buy for aggressive investors. The company (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 2.5 billion; Market cap: $610.0 billion; Price-to-sales ratio: 26.2; Dividend yield: 0.1%; TSINetwork Rating: Average; www.nvidia.com) is a leading designer of 3D-capable video chips; they make video games run more smoothly and appear more lifelike. Nvidia has also adapted its chips for other applications, including artificial intelligence, datacentres and self-driving cars. The company continues to benefit from pandemic lockdowns that spurred strong consumer demand for computer gaming systems. The shift by businesses to cloud-computing platforms as Canadians continue to work remotely is also fuelling sales of datacentre chips. In its fiscal 2022 second quarter, ended August 1, 2021, revenue soared 68.3% to a record $6.51 billion from $3.87 billion a year earlier. If you exclude costs related…