In 2016, the technology sector overtook the finance sector to claim the throne as the biggest industry on the planet. So it’s no surprise that penny stocks in technology are exciting. After all, some of the world’s most valuable corporations are found in the tech sector.
Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) spring to mind.
But who is the next generation’s version of these conglomerates? That’s what investors are asking themselves when investing in tech penny stocks, and we’re looking at one potential today.
Up 30% at the time of writing, it’s exciting times for BSQR stock and the company behind it, BSQUARE (NASDAQ:BSQR).
Tech Penny Stocks: BSQUARE
The Internet of Things (IoT) services and software provider announced that it will be collaborating with Amazon Web Services, Inc. (AWS) to meet the increasing demand for IoT solutions.
According to the press release:
“Bsquare has selected AWS as its preferred cloud services provider and is leveraging AWS to expand new offerings around DataV, a suite of edge-to-cloud IoT services and software designed to improve uptime, manageability, and performance of enterprise assets.”
The news has set this penny stock soaring: BSQR has climbed to its current price of$2.54 USD from $1.72 USD, in the last 24-hours.
BSQUARE has chosen AWS as its preferred cloud services provider and is using it to expand new offerings around its suite of edge-to-cloud IoT services and software called DataV, which is “designed to improve uptime, manageability, and performance of enterprise assets.”
The Internet of Things is Hot for 2019
The Internet of Things is the network of connected devices that allow things to connect, interact, and exchange data. The technology can be applied to almost everything from vehicles to home electronics, to computing software.
IoT is beginning to receive massive attention as a technology trend in 2019 and penny stocks in this sector represent some of the biggest potential plays for new investors.
As technology and science develop, the importance of IoT in bringing future ideologies to life is finally being recognized. In light of this, BSQUARE is at the fore of a technological trend that is gaining huge momentum.
This is why the BSQR penny stock is so attractive to investors right now, and the AWS collaboration is icing on a very sweet cake.
Featured image: DepositPhotos © bakhtiarzein