Technology was one of the most active sectors in all of 2019 and could be repeat to make significant moves in 2020.
Currently, the U.S. leads the global landscape in technology innovation and a multitude of companies are hungry to grab a piece of an ever growing, ever expanding sector that continues to grow on a yearly basis.
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With the U.S. now entering a brand new decade of opportunity, emerging tech like the Internet of things (IoT), 5G, Virtual Reality (VR) and Augmented Reality (AR) could become the main staples of business nationwide. Changes like these will almost certainly continue to accelerate at a breakneck pace.
Here are 3 technology penny stocks to check out for 2020:
Top Technology Stock To Watch: MicroVision, Inc. (NASDAQ: MVIS)
MicroVision, Inc. develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia. Its PicoP scanning technology includes micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
The company also develops a light detection and ranging engine for consumer electronic applications and automotive collision avoidance systems.
It licenses its products primarily to original equipment manufacturers and original design manufacturers.
The company recently announced that it will report its first quarter 2020 results on Thursday, May 7, 2020.
Top Technology Stock To Watch: Remark Holdings, Inc. (NASDAQ: MARK)
Remark Holdings, Inc., technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence.
The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.
It also owns and operates various digital media properties that deliver content in various verticals, including travel and entertainment, such as lodging, air travel, show tickets, and tours through Vegas.com and its related Websites comprising LasVegas.com, as well as mobile applications and retail locations; and young adult lifestyle that includes Bikini.com, an e-commerce Website, which sells swimwear and accessories. In addition, the company sells financial-technology products and services, as well as advertising services through its Websites.
At the end of April, the company announced that it began shipping and deploying products from its family of AI thermal solutions, including Thermal Kits, Thermal Pads, and also Thermal Helmets, in the United States and Japan.
“We are proud that customers such as casinos, entertainment venues, government agencies, hospitality organizations, industrial operations, law enforcement, and retail establishments have placed their trust in our AI-based thermal products to function as part of the solution for reopening the U.S. economy,” stated Kai-Shing Tao, CEO of Remark Holdings.
Top Technology Stock To Watch: Phunware, Inc. (NASDAQ: PHUN)
Phunware, Inc., through its subsidiaries, provides Multiscreen-as-a-Service enterprise (MaaS) cloud platform for mobile devices worldwide. The company’s platform enables brands to engage, manage, and monetize their mobile application portfolios. It offers Software-as-a-Service, Data-as-a-Service, and application transactions media platforms; and enterprise mobile software, including content management, location-based services, marketing automation, business intelligence and analytics, alerts, notifications and messaging, audience engagement, and audience monetization, as well as vertical solutions, which are off-the-shelf, iOS-, and Android-based mobile application portfolios, solutions, and services.
The technology company also provides crypto networking solutions, such as PhunCoin crypto ecosystem that directly connects and rewards mobile application users and user segments, as well as MaaS software application frameworks that pre-integrates all of its MaaS software ingredients for use within mobile application portfolios, solutions, and services. In addition, it offers application transactions for mobile audience building, user acquisition application discovery, audience engagement, and audience monetization, which includes re-occurring and one-time transactional media purchases through insertion orders.
On May 4th, the company announced the deployment of Phunware’s Multiscreen-as-a-Service (MaaS) platform to provide an integrated health system in New York (the “Customer”) with its mobile healthcare solution to not only enhance the patient experience, but also to address critical challenges clinicians now face in responding to the ongoing coronavirus (COVID-19) crisis.