Top 10 Bluechip Tech Stocks in June
The month of June was largely challenging for a technology stocks. The Nasdaq 100 index remained positive for the month, aided by surge in stock prices of semiconductor companies. Semiconductors have remained market favourite since the begining of the year, but in June, a number of such stocks either stagnated or witnessed market correction. Software and IT Services drove the market and the technology segment with active interest from retail buyers in the last month. The top bluechip tech stocks were dominated by Software stocks.
In the month of June, the list comprised of stocks delivered price returns ranging from 18%-27%. All the top ten stocks in the list delivered double digit price gains in June, top four stocks delivered price gains of over 20%.
The top 10 bluechip technology stocks comprises of Software, IT Services, Semiconductors, Computer/ Mobile electronics, Networking & Communications listed on Nasdaq and NYSE. Most of these stocks are constituent of indices such as Nasdaq100 and S&P 500.
Table: Top 10 Tech Stocks in June
| Company | Symbol | Segment | 04 Jun | 28 Jun | Price Gain % |
|---|---|---|---|---|---|
| Adobe Inc | ADBE | Application Software | 439.0 | 555.5 | 27% |
| Crowdstrike Holdings Inc | CRWD | Application Software | 308.7 | 383.2 | 24% |
| Broadcom Inc | AVGO | Semiconductors | 1,321.9 | 1,605.5 | 21% |
| Dxc Technology Co | DXC | Software & IT Services | 15.7 | 19.1 | 21% |
| Servicenow Inc | NOW | Software & IT Services | 660.1 | 786.7 | 19% |
| Datadog Inc | DDOG | Application Software | 109.3 | 129.7 | 19% |
| Oracle Corp | ORCL | Software & IT Services | 119.3 | 141.2 | 18% |
| Arista Networks Inc | ANET | Communications & Networking | 296.4 | 350.5 | 18% |
| Hewlett Packard Enterprise | HPE | Computers, Phones & Household Electronics | 18.0 | 21.2 | 18% |
| Autodesk Inc | ADSK | Application Software | 210.8 | 247.5 | 17% |