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Eight high-tech stocks that are better than Bitcoin
Reasonable investors can (and disagree) about what Bitcoin (CCC: BTC-USD) should be worth. Personally, I think the current price above $ 55,000 is questionable at best and a bubble at worst. Many cryptocurrency bulls, however, see an easy path to six digits and beyond. Evaluation debates aside, however, Bitcoin is really impressive. The parameters created by the creator of the cryptocurrency pseudonym, Satoshi Nakamoto, are admittedly brilliant. Honestly, technology applied to mining and other aspects of its ecosystem can sometimes be almost inspiring. Simply put, Bitcoin is innovative. Whether that innovation will change the world or fail, however, remains to be seen. InvestorPlace – Stock market news, stock advice and trading tips Having said that, it is important to remember that innovation can also be found in stock markets. In fact, innovation has been the main driver of many actions in the United States. It is no accident that the Nasdaq Composite, which has more technology, has significantly outperformed other major indexes in the past decade. It is true that at this moment there are also concerns about the valuation of shares. Companies with minimal revenue (or in some cases zero) have valuations in the tens of billions of dollars. Multiples of 40 times revenue and more than 100 times earnings are not uncommon. So, as with Bitcoin, there is a debate about whether investors are wisely placing a premium on potential or simply being part of something close to a bubble. 7 OTC shares that can still compete with the Big Boys For these eight shares, the bet is the first. All eight companies are innovative. All eight also have a path on the positive side. For investors looking for shares that share the Bitcoin promise, all of these options are attractive: Nvidia (NASDAQ: NVDA) Amazon (NASDAQ: AMZN) Snowflake (NYSE: SNOW) Modern (NASDAQ: MRNA) Align (NASDAQ: ALGN) Crowdstrike (NASDAQ: CRWD) Quantumscape (NYSE: QS) Dmy Technology Group III (NYSE: DMYI) High-tech stocks to buy: Nvidia (NVDA) Source: rafapress / Shutterstock.com The semiconductor industry drives much of the innovation we’ve seen in the last decade. In addition, it will help drive many of the innovations in progress, whether electric vehicles (EVs) and autonomous vehicles (AVs), the Internet of things (IoT) or artificial intelligence (AI). Even in such an innovative industry, however, Nvidia seems to lead the way. He is exposed to all these “megatrends” in a way that other chip companies do not. NVDA’s dominance in games also remains unquestioned. Currently at around $ 520 per share, NVDA shares are certainly not cheap. But it shouldn’t be. And after a recent downturn, the stock is now at a distance for about seven months. However, opportunities with the company have only apparently increased. No high-tech action will come cheap. But if investors are willing to pay for innovations like Bitcoin, it’s hard to imagine better options than Nvidia. Amazon (AMZN) Source: Sundry Photography / Shutterstock.com Amazon’s incredible breadth may obscure how innovative it is. For example, your e-commerce distribution centers are marvels of automation and will only get better. Amazon’s logistical capabilities are practically unmatched. Furthermore, it is not too much of an exaggeration to say that Amazon Web Services (AWS) drives much of the Internet and the steady march towards “the cloud”. However, like NVDA, AMZN’s shares have been staggering lately. It has fallen about 6% so far this year and has dropped 1.6% in the last six months, outperforming the market in the process. With profits rising and the stock price stagnating, the valuation starts to look reasonable. This, historically, has not been the case with AMZN. The shares are now traded at 58 times the future earnings price, despite projections of growth of almost 39% for next year. 7 stocks to buy that are rooting for the March madness Fundamentally, Amazon looks attractive. Meanwhile, the same qualitative case inspired by Bitcoin and driven by innovation holds true for this action. This combination looks like an opportunity. Snowflake (SNOW) Source: rblfmr / Shutterstock.com The next item on this list of innovative stock options like Bitcoin is Snowflake. It says something about the high-tech nature of Snowflake that Berkshire Hathaway (NYSE: BRK-A, NYSE: BRK-B) invested along with its initial public offering (IPO). This company remains unprofitable and trades at a rate of 61.59 times the sales price, but the ‘Oracle of Omaha’ Warren Buffet has provided its endorsement. To be sure, Berkshire’s effective price of $ 120 per share is more than 48% below SNOW’s current share price of $ 233. And SNOW multiples highlight the valuation concerns here. But this is also a potentially revolutionary company. Its cloud “data warehouse” platform fits perfectly with the Big Data trend. So there is a reason why investors of all kinds – including operators more focused on value like Berkshire – were so optimistic about the IPO. SNOW’s shares more than tripled its IPO price to make up for $ 400. Now, since then, it has retreated about 46% from its historical record. Cheaper doesn’t necessarily mean cheap, but this is one of the best moves in all software – and potentially worth paying for. Moderna (MRNA) Source: Ascannio / Shutterstock.com At least in Wall Street’s opinion, MRNA’s stock looks downright cheap. The shares are traded at just 9 times the consensual earnings per share (EPS) estimated for 2022, when sales of the company’s Covid-19 vaccine are expected to be in full swing. Now, that multiple can be misleading. It looks like vaccine sales will continue for some time, but the expected “collective immunity” may decrease demand over time. In addition, there are already other vaccines approved on the market and more on the way. But it is important to remember an important fact about Moderna: it was valuable even before the arrival of the new coronavirus pandemic. Its IPO in December 2018 was one of the largest for biotechnology in history. The company entered 2020 with a market capitalization of over $ 6.5 billion. That number, admittedly, is now $ 54 billion. But Wall Street sees profit of more than $ 5 billion in 2022 alone. Meanwhile, the company’s success with the Covid-19 vaccine supports optimism about the rest of its pipeline, which is based on similar mRNA technology (messengerRNA ). 7 Internet of Things actions to buy for our interconnected world The hope of Moderna before the pandemic was that it would prove to be one of the most innovative biotechnology companies in the world. Nothing so far has proved otherwise. In this way, MRNA is as attractive as Bitcoin. Align (ALGN) Source: rafapress / Shutterstock.com Align has literally revolutionized orthodontics. That inventive nature is what puts you on this list of stocks better than Bitcoin to buy. It’s that simple. But the concern lately has been whether Align will be able to maintain its proverbial bite. Competition is increasing at SmileDirectClub (NASDAQ: SDC) and other companies. In addition, investors fear that the growth of that name is coming to an end. ALGN’s shares plunged by more than half between mid-2018 and the beginning of last year. Now, however, investor confidence has recovered, as has Align. And there must be more advantages ahead. Yes, the stock is expensive – currently close to $ 533 – but Align still leads the industry. As long as this lasts, ALGN may continue to grow. Crowdstrike (CRWD) Source: VDB Photos / Shutterstock.com As you probably know, there is no dearth of innovation in the cybersecurity space. For example, Palo Alto Networks (NYSE: PANW) led the transition from hardware to cloud-based software. In addition, companies like Okta (NASDAQ: OKTA) and Zscaler (NASDAQ: ZS) have created impressive niches. But in terms of overall capacity, it is difficult to argue with Crowdstrike as an investment. The company’s threat prevention offering is “native to the cloud”, eliminating the need for customers (and providers) to transition from local services. In addition, acquisitions like the company’s recent purchase of the log management startup Humio will only expand its offerings. CRWD’s shares are not cheap. In fact, it is one of the most expensive names on the market. But an almost 22% drop from last month’s $ 251.28 hike at least makes the stock more accessible. In addition, Wall Street analysts still see the bright side. 7 of the main transport stocks to buy now This has been a market where growth is most valued. As long as this trend continues, CRWD’s shares are expected to win and match innovative names like Bitcoin. Quantumscape (QS) Source: Tada Images / Shutterstock.com The main problem with the QS stock is that maybe it shouldn’t be on this list of stocks that are better than Bitcoin. Of course, Quantumscape says it is one of the most innovative companies out there, working to develop solid-state batteries for EVs. These batteries would be a huge improvement over today’s lithium-ion products in terms of energy, charging speed and safety. But the only question is how exactly Quantumccape is doing this. Researchers have for years failed to solve significant challenges with lithium metal batteries such as those being developed by QS. And so far, Quantumscape has been relatively discreet about its approach to these challenges. In December, however, the company released data showing a substantial improvement over existing batteries in a series of measures. And, as managers of a public company, Quantumscape executives would be taking huge financial and legal risks by presenting data that was not entirely correct. Simply put, if the company can do what it says, QS ‘shares have enormous potential as the EV revolution unfolds. And with stocks falling at more than half the highs (admittedly bubbly), investors can gain exposure to that potential at a cheaper price. Dmy Technology Group III (DMYI) Source: Dmitry Demidovich / ShutterStock.com Last on this stock list, better than Bitcoin is the DMYI stock. To be clear, Dmy Technology Group III is not really an innovator. In fact, it is a special purpose acquisition company (SPAC). However, it is merging with the quantum computing startup IonQ in a business valued at $ 2 billion. IonQ is still in its early stages, but it has an intriguing value proposition. The company’s quantum computing device will be the size of a video game console, but will run on cloud platforms like AWS. To be honest, there is no shortage of risks here. For example, the SPAC structure is more dilutive than some investors realize. As such, the entire group has seen enthusiasm wane recently. And DMYI’s own shares faded after the deal was made official, suggesting that the market is not as excited as the headlines might suggest. 7 Rising stocks ready to keep up with retail growth Still, this is a fascinating story if you have the stomach for risk. IonQ has a real chance of failing – but its success can provide massive returns for investors. As of the date of publication, Vince Martin did not (directly or indirectly) hold any positions in the securities mentioned in this article. After spending time at a retail brokerage, Vince Martin covered the financial sector for nearly a decade for InvestorPlace.com and other establishments. More from InvestorPlace Why everyone is investing in 5G SO WRONG It doesn’t matter if you saved $ 500 or $ 5 million. Do it now. Best Stock Picker Reveals His Next Potential Winning 500% in Prodigy Shares That Found $ 2 NIO … Says Buy THIS Now The 8 high-tech stocks that are better than Bitcoin first appeared on InvestorPlace.