Historically, new and emerging technology that transforms major industries and radically impacts society has often created enormous opportunities for wealth building. Therefore, it can be rightly said that innovation is the key to real growth.
This innovation has generated many disruptions in the technology sector. These revolutionary or revolutionary technologies, products and services have the potential to change the way we live our lives.
Here, we will see some of these technologies that are well positioned to gain the prevalent adoption in 2021.
Adoption 5G to expand exponentially: The emergence of 5G networks is undoubtedly one of the most important and transformative developments. The technology provides faster wireless Internet access, with greater bandwidth and minimal delay.
Since the coronavirus outbreak forced people to stay at home, the demand for faster Internet connections has increased substantially. This is because people are spending more time on the Internet to work, learn, shop and have fun. In fact, the pandemic has helped to accelerate digitization and increase the need for connectivity and computing power.
Today, 5G deployments have become a vital part of the solution and are expected to become increasingly common in 2021.
Robotics to gain strength in 2021: Robotics is playing a larger role than before because digital assistants are slowly becoming part of our daily lives. They are taking over the work environment earlier than expected.
Previously, people were less willing to get involved with infused AI technologies. However, the life-threatening coronavirus appears to have changed that blind vision forever. Norms of social detachment are demanding the growing use of autonomous, yet intelligent, autonomous machines in almost all industries.
Robotic assistance is becoming more common with the rapid evolution of technology. It is not limited to industrial use only, but in other areas, such as the automotive, health and defense sectors. After the outbreak of a new coronavirus, robots are being used intensively for services, education and emotional care. The increase in the aging of the population has also been making the space more dynamic, with an increasing demand for health monitoring and self-treatment, especially among the elderly and for elderly care.
The robotics revolution is gaining momentum quickly and next year, it could become the new normal.
Blockchain will be in the Mainstream in 2021: Blockchain technology will be a game changer in 2021 in view of the challenges induced by coronavirus in the digital ecosystem.
The technology is enabling companies and government agencies to address important issues, including data tracking, security, visibility and management, and supply chain supervision. The evolution of blockchain practices in an attempt to address these challenges should democratize the benefits of blockchain technology in the coming days. This, in turn, will help to fight the pandemic efficiently.
The technology is being used to improve smart payment systems, secure financial transactions, advance shipping and transportation, modernize government agencies and institutions, and even detect critical illnesses.
Growth in IoT, autonomous vehicles, AR / VR, wearables and other connected devices and the rapid adoption of coronavirus crisis-induced cloud computing are expected to drive the adoption of blockchain technology.
SASE gaining momentum: The secure access service edge (SASE) is one of the most promising emerging technologies in corporate networks in 2021, given the trend towards continuing work at home. It improves the security of the remote work cloud.
The technology is still at an early stage and has ample opportunity for growth ahead. SASE integrates SD-WAN with network security and offers applications and services from the cloud to the edge. As companies operate in a hybrid way, with employees working in multiple locations, corporate network technology is poised to gain momentum in 2021.
This adoption is likely to be driven by the ongoing transformation of network architecture and security centered on traditional data centers to better serve today’s mobile workforce and achieve greater adoption of cloud technology.
Undoubtedly, the innovations to come in 2021 and beyond offer countless opportunities for investors.
Let’s look at some stocks of technology that are worth noting for these disruptive technologies.
NVIDIA NVDA is the leading manufacturer of graphics processing units (GPUs), which are essential components in important technological arenas such as artificial intelligence, autonomous vehicles, 5G and games. In addition, GPUs are the main hardware components of cryptocurrency mining. In short, “miners” use specialized GPUs to process transactions on the blockchain and are rewarded with newly minted digital currencies. At the moment, mining hardware is not a major source of revenue for NVIDIA, but if cryptocurrency prices soar, it could create renewed interest in mining, and NVIDIA would be a big beneficiary.
In addition, the company’s new Ampere GPU chips are well designed to meet the requirements of future advanced cryptocurrencies. We believe that expanding the company’s presence in the growing cryptocurrency market is likely to contribute well to stock performance in the short term.
NVIDIA currently has a Zacks Rank # 2 (Buy). The stock expects growth of 18.3% in long-term gains. Zacks’ consensus estimate for its 2021 tax gains is set at $ 9.71 per share, having moved 0.5% north in 30 days. You can see today’s complete list of Zacks # 1 Rank (buy strong) shares here.
NVIDIA Corporation pricing and consensus
Price consensus chart NVIDIA Corporation | NVIDIA Corporation quote
Brooks Automation BRKS provides automation and cryogenic solutions. Its products include atmospheric and vacuum robots, robotic modules and tool automation systems that offer precise handling and clean wafer environments and more.
It is profiting from robust growth in its life science businesses, driven by demand led by COVID-19. In addition, the solid demand for automation solutions is a key catalyst. In addition, the expansion of the life sciences clientele is positive.
Brooks currently sports a Zacks Rank of 1 (strong buy). Zacks’ consensus estimate for its 2021 tax earnings is set at $ 1.72 per share, having moved 5.5% north in 30 days.
Brooks Automation, Inc. pricing and consensus
Brooks Automation, Inc. price consensus chart | Brooks Automation, Inc. Stock Quote
Qualcomm Incorporated QCOM remains well prepared to win with solid 5G traction. Notably, Qualcomm is reportedly the only chipset supplier with 5G system level solutions spanning sub-6 and millimeter wave bands and one of the largest RF (radiofrequency) front-end suppliers with design wins across all customers. premium smartphones. The company is focused on maintaining its leadership in the 5G, chipset and mobile connectivity market with several technological achievements and innovative product launches.
Qualcomm is arguably the largest supplier of mobile phone chips in the world. The company raised the bar for driverless cars with the launch of the first automotive platform of its kind – Snapdragon Ride – that allows automakers to transform their vehicles into autonomous cars using artificial intelligence.
The company currently carries a Zacks Rank # 3 (Hold). The stock expects growth of 19.6% in long-term earnings. Zacks’ consensus estimate for its 2021 tax earnings is set at $ 7.08 per share, having moved 0.4% north in 30 days.
QUALCOMM Incorporated pricing and consensus
QUALCOMM Incorporated price consensus chart | QUALCOMM Incorporated quote
Fortinet FTNT is benefiting from dominance in the Unified Threat Management (UTM) space, which is one of the fastest-evolving segments in the network security space.
The company’s ability to combine next-generation cloud-based firewalls with SD-WAN allows it to gain initial leadership in the SASE market. The purchase of Opaq Networks in July will act as a catalyst. In addition, this company is profiting from the increased risks of cyber attacks that are driving demand for its FortiMail platform.
Fortinet currently carries a Zacks Rank # 3. The stock expects 14.3% long-term earnings growth. Zacks’ consensus estimate for its 2020 earnings has remained stable at $ 3.25 per share for the past 30 days.
Fortinet, Inc. pricing and consensus
Fortinet, Inc. price consensus chart | Fortinet, Inc. stock quote
Zacks Top 10 Stocks for 2021
In addition to the actions discussed above, would you like to know about our top 10 tickers for the entire year 2021?
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