Tech Stocks with the Best Momentum for March 2022

The technology sector consists of businesses that sell goods and services in electronics, software, computing, artificial intelligence (AI), and other information technology (IT)-related industries. Industry, Apple Inc. (AAPL), Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN) includes companies with the world's largest market capitalization. Technology stocks, represented by the SPDR Fund (XLK), outperformed last year. These market performance figures and statistics in the tables below have been prepared with the data of 18 February 2022.

Tech Stocks with the Best Momentum

Momentum investing is a factor-based investment strategy that involves investing in a stock whose price is rising faster than the market as a whole.

	Price ($)	Market Cap ($B)	12-Month Trailing Total Return (%)
Fortinet Inc. (FTNT)	304,85	49,8	81,8
Concentrix Corp. (CNXC)	197,2	10,3	74,6
Arista Networks Inc. (ANET)	125,92	38,8	63,1
NVIDIA Corp. (NVDA)	236,42	591,1	59,6
Gartner Inc. (IT)	288,23	23,7	59,4

Fortinet Inc.: Fortinet is a cybersecurity company serving businesses, service providers and government agencies worldwide. The Security Fabric platform leverages artificial intelligence and machine learning technology to provide customers with security solutions for networked, application, cloud and mobile environments. Concentrix Corp.: Concentrix provides technology-driven customer experience solutions that include process optimization, technology innovation, office automation, analytics and more. The company operates in more than 40 countries and has more than 750 customers. Arista Networks Inc.: Arista Networks provides software-driven, cognitive cloud networking to customers in large-scale data center and campus environments. NVIDIA Corp.: NVIDIA is a manufacturer of graphics processing units designed for computer graphics. NVIDIA's products also serve other markets such as gaming, professional visualization, data center, and automotive. Gartner Inc.: Gartner is a global research and consulting firm that helps businesses fulfill critical missions to grow their operations. He assists clients in areas such as finance, information technology, law, product management, strategy, supply chain and more.