Best Automotive Stocks to Watch Now - March 14th

MarketBeat has identified seven automotive stocks to keep an eye on as of March 14th. These include NVIDIA, Tesla, Micron Technology, Costco Wholesale, Taiwan Semiconductor Manufacturing, Salesforce, and Bank of America. Automotive stocks are shares in companies that are involved in the design, development, manufacturing, and sale of vehicles and their components. Investing in these stocks means putting your money in the automotive sector, which can be affected by consumer demand, advances in technology, regulatory changes, and the overall economic climate. The companies listed have seen the highest dollar trading volume in recent days.

NVIDIA (NVDA)

NVIDIA Corporation is known for providing graphics and compute solutions, as well as networking options across various regions including the United States and Taiwan. They offer a range of products such as GeForce GPUs, gaming software, and automotive platforms for infotainment systems.

Recently, NVDA saw stocks trading up by $5.11, reaching $120.69. Approximately 129,646,419 shares changed hands that day, a significant increase compared to its average volume. NVIDIA boasts a market cap of $2.94 trillion and maintains a solid debt-to-equity ratio of 0.13.

Tesla (TSLA)

Tesla, Inc. specializes in designing, developing, and selling electric vehicles as well as energy generation and storage systems. Its two main business segments are Automotive and Energy Generation and Storage.

On the latest trading day, TSLA climbed $6.94, reaching $247.62. The total volume amounted to 51,638,345 shares. Tesla has a notable market cap of $796.46 billion and a P/E ratio of 121.59.

Micron Technology (MU)

Micron Technology, Inc. focuses on designing and selling memory and storage products globally through four segments: Compute and Networking, Mobile, Embedded, and Storage. They offer essential storage technologies for a variety of applications.

On Friday, MU stocks rose by $5.76, resulting in a price of $100.64. The trading volume was 14,310,040 shares. The company has a market capitalization of $112.13 billion.

Costco Wholesale (COST)

Costco Wholesale Corporation operates membership warehouses throughout various countries and offers a wide range of products under different categories.

COST stocks climbed up by $10.09 to reach $900.71. During the trading session, 1,271,145 shares exchanged hands. Costco enjoys a strong market cap of $399.83 billion.

Taiwan Semiconductor Manufacturing (TSM)

Taiwan Semiconductor Manufacturing Company Limited is a major player in manufacturing and selling integrated circuits and other semiconductor devices globally.

Recently, TSM stocks increased by $1.69 to hit $173.28, with a trading volume of 5,336,077 shares. The company's market valuation stands at $898.69 billion.

Salesforce (CRM)

Salesforce, Inc. provides technology related to Customer Relationship Management (CRM), bringing businesses and customers together effectively.

CRM stocks rose by $6.11, reaching $277.85, with a trading volume of 2,331,372 shares. The market cap for Salesforce is $267.02 billion.

Bank of America (BAC)

Bank of America Corporation offers a range of financial products and services for various customers, including consumers and large corporations.

Recently, BAC stocks gained $1.14, rising to $40.81. The total volume traded was 13,868,178 shares. BAC has a market cap of $310.25 billion.

stocks, automotive, investment