The global semiconductor market is forecasted to grow to $627 billion in 2024 (19% YoY) and $697 billion in 2025 (11.2% YoY), fueled by rising demand in AI, advanced nodes, and next-gen memory like HBM4.
These trends pave the way for a strong performance by Applied Materials, benefiting from GAA transistors and advanced packaging; QUALCOMM, leveraging its expertise in automotive and AI-enabled edge devices; Micron Technology, gaining from high DRAM and NAND flash memory demand; AMD, capitalizing on AI accelerators and its EPYC processors for data centers and cloud computing; Broadcom, driven by record AI revenue and robust infrastructure software; TSMC, leading in advanced chip manufacturing; and NVIDIA, dominating AI hardware innovation with cutting-edge GPUs like A100 and H100.
My Take
These companies are well-positioned to seize opportunities from industry shifts such as surging AI demand, advanced semiconductor nodes, high-bandwidth memory technologies, and increased chip integration in automotive, cloud, and edge computing. Applied Materials excels in manufacturing innovation, NVIDIA leads in AI workloads, and Qualcomm’s growing automotive footprint highlights its future potential. Balancing high-growth leaders like NVIDIA and TSM with undervalued opportunities like Micron and Broadcom offers a smart approach for investors.
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Link to article:
https://www.insidermonkey.com/blog/7-best-semiconductor-stocks-to-buy-now-1425558/?amp=1
Credit: Insider Monkey
This post reflects my own thoughts and analysis, whether informed by media reports, personal insights, or professional experience. While enhanced with AI assistance, it has been thoroughly reviewed and edited to ensure clarity and relevance.