Tigress02
2024-01-31

3 Semiconductor Stocks That Should Be on Every Investor’s Radar This Fall

These companies are leading the semiconductor industry and investing in them while they trade at a discount will benefit you in the long-term.

* Advanced Micro Devices (AMD): AMD will manage to expand its market share with MI300x. 

* Qualcomm (QCOM): The 5G supply agreement with Apple will give a boost to the stock.

* Taiwan Semiconductor (TSM): One of the best players in the industry, it will take home big gains with the rise in data center growth.

While Nvidia (NASDAQ:NVDA) is already a leader and controls a large part of the market, there are other companies worth looking out for. These companies already have the innovation and tech and all they need to do is ramp up the manufacturing activities. Investing in these top semiconductor stocks will help make big gains in the long term.

SMCI is also a good stock to buy and we are expecting an above average return from the SMCI shares relative to the market in the next few months.


Compiled from sources:


Modified in.2024-02-01
AMD Plunge: Chip Stocks Start to Pull Back?
AMD fell 10% in after-hours trading. While AMD's fourth-quarter financial report exceeded analysts' revenue expectations, the guidance for the first quarter fell short of expectations. Affected by AMD's earnings, other semiconductor stocks also fell in the after hour trading. ------------- Will chip stocks start to pull back following AMD's earnings? Are you bullish or bearish on QCOM's earnings? Which chip stock is a better choice to invest in AI?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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