From Nasdaq MarketSite:

The Nasdaq-100 Technology Index has surged over 82% since 2019, driven by enthusiasm around AI. Hidden gems in the tech sector are worth considering for potential growth opportunities. Three top tech stocks, including Shopify, could create new millionaires with strong business models and exposure to high-growth sectors.

Shopify reported an impressive 34 cents in adjusted earnings per share, with total revenues rising 23.6% year over year. The company reached $396 million in adjusted operating income and reported a $5 billion cash buffer. As a leader in e-commerce, Shopify’s growth potential surpasses many marketplace counterparts.

Coinbase Global surged 41% following their recent earnings report, with a focus on subscriptions and services. The company generated $1.5 billion in revenue in 2023 and aims to expand its offerings to enhance crypto utility. Coinbase’s success is linked to trends in the cryptocurrency market, impacting user adoption and transaction volumes.

Oracle’s stock soared nearly 12% to a record $127.54 after announcing better-than-expected fiscal Q3 earnings. Adjusted EPS beat estimates at $1.41, with a 12% sales surge in their cloud services segment. Analysts are optimistic about Oracle’s top-line improvement, OCI growth, and AI-driven cloud migration, positioning the stock for continued growth.



Read more at Nasdaq MarketSite: From Six Figures to Seven: 3 Tech Stocks Set to Make Millionaires