3 Top Tech Stocks to Buy in October

Earnings season is right around the corner, and several of tech's biggest names look to keep their momentum going. Each of these companies posted strong results last quarter, and there are good reasons to believe that strength can continue into the final stretch of the year. These stocks look attractive, not just heading into earnings, but for the long haul as well.

Nvidia (NASDAQ: NVDA) has been at the center of the artificial intelligence (AI) boom, and last quarter's results showed just how strong demand for its chips has been. Its data center revenue surged 56% year over year, despite the company lacking access to the Chinese market, as companies and governments around the world continue to rapidly build out their AI infrastructure.

That trend does not look like it's slowing, with cloud computing companies continuing to spend big on data center infrastructure and announcing massive AI data center spending plans. Nvidia, meanwhile, continues to dominate the AI infrastructure market, where its graphics processing units (GPUs) are used to power AI workloads and have an over 90% market share. Its CUDA software platform continues to give it a wide moat in the space, as most early AI code was written on it, and developers favor it.

Continue reading

Source Fool.com