Top 10 Semiconductors Stocks to Watch in Nov 2024: Essential Guide for Investors
Nov 21, 2024 03:02What are Semiconductors Stocks?
The semiconductor sector is a pivotal part of the global technology landscape, involving the design, manufacture, and sale of semiconductor chips used in various electronic devices. As industries such as smartphones, computers, home appliances, and automotive rapidly evolve, the demand for semiconductors continues to grow. This sector is crucial for technological advancements and is a significant contributor to the modern digital economy.
Key Aspects of Semiconductor Stocks
Chip Manufacturing:
- Involves the entire production process from raw materials to finished semiconductor chips.
- Examples: Intel, Samsung Electronics and TSMC.
Equipment Supply:
- Provides critical equipment and technology for semiconductor production.
- Examples: ASML, Applied Materials and Lam Research.
Design and Development:
- Focuses on the design and development of semiconductor chips, driving technological innovation.
- Examples: NVIDIA, AMD and Qualcomm.
10 Top Semiconductors Stocks
NVIDIA(NVDA.US)
Company overview
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU) and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications. The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.
Market value of NVIDIA(NVDA.US): US$3.540T
Stock price performance in 2024: +191.52%
What's the latest news:
Geopolitical tensions impact: U.S. stock futures fell early Tuesday due to geopolitical tensions, while Treasury prices rose.
NVIDIA's high growth forecast: Analysts predict NVIDIA will experience exceptionally high growth in the coming years.
NVIDIA earnings upcoming: NVIDIA is set to release its fiscal third-quarter report, with high expectations for its new Blackwell chip.
Chip stocks underperform: Despite theoretical strength, semiconductor stocks have not performed well recently.
Strong Q3 results for NVIDIA: NVIDIA is expected to show strong Q3 results and a positive Q4 outlook due to robust AI demand.
Taiwan Semiconductor(TSM.US)
Company overview
Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. The company was founded by Chung Mou Chang on February 21, 1987 and is headquartered in Hsinchu, Taiwan.
Market value of Taiwan Semiconductor(TSM.US): US$963.618B
Stock price performance in 2024: +80.59%
What's the latest news:
US Factory Affects Profits: Morgan Stanley analysts suggest TSMC's US factories could dilute margins, but costs will be passed to customers.
Opening Delayed: TSMC's Arizona factory opening has been postponed to January next year to align with President Trump's inauguration.
US Subsidy Boosts Production: Taiwan Semiconductor secures a $6.6 billion US subsidy to produce semiconductors with A16 technology in Arizona.
Stock Up 80% YTD: Taiwan Semiconductor's stock has surged 80% YTD, driven by technological leadership and robust financials.
Broadcom(AVGO.US)
Company overview
Broadcom Inc. is a global technology company, which designs, develops, and supplies semiconductors and infrastructure software solutions. It operates through the Semiconductor Solutions and Infrastructure Software segments. The Semiconductor Solutions segment refers to product lines and intellectual property licensing. The Infrastructure Software segment relates to mainframe, distributed and cyber security solutions, and the FC SAN business. The company was founded in 1961 and is headquartered in Palo Alto, CA.
Market value of Broadcom(AVGO.US): US$753.784B
Stock price performance in 2024: +46.15%
What's the latest news:
Whales Buy AVGO: Large investors have shown a bullish stance on Broadcom.
6-week Price Low: Broadcom's stock price hits a six-week low, currently at $167.25.
Top Predictive Stock: Broadcom stands out in the predictive analytics sector, making it a top investment choice.
Broadcom Stock Watch: Broadcom's stock could be impacted by NVIDIA's earnings, with a focus on AI technology performance.
Why We Love Broadcom: Broadcom has shown strong performance since 2019, offering several reasons for investment.
Advanced Micro Devices(AMD.US)
Company overview
Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the following segments: Data Center, Client, Gaming, and Embedded. The Data Center segment includes server-class CPUs, GPUs, AI accelerators, DPUs, FPGAs, SmartNICs, and Adaptive SoC products. The Client segment refers to the computing platforms, which are a collection of technologies that are designed to work together to provide a more complete computing solution. The Gaming segment is a fundamental component across many products and can be found in APU, GPU, SoC or a combination of a discrete GPU with another product working in tandem. The Embedded segment focuses on the embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products. The company was founded by W. J. Sanders III on May 1, 1969 and is headquartered in Santa Clara, CA.
Market value of Advanced Micro Devices(AMD.US): US$220.393B
Stock price performance in 2024: -7.87%
What's the latest news:
4% Workforce Cut: Advanced Micro Devices plans to lay off about 1,000 employees, which is 4% of its global workforce.
Accounting Chief Resigns: AMD's longtime chief accounting officer, Darla Smith, has resigned from her position.
Maintains Buy Rating: Northland Securities maintains a buy rating for AMD with a target price of $175.
Cramer's Market Insight: Jim Cramer noted that even Advanced Micro Devices has been under significant market pressure.
Tech Conference Participation: AMD announces participation in the upcoming UBS Annual Technology Conference and Barclays Global TMT Conference.
Texas Instruments(TXN.US)
Company overview
Texas Instruments Incorporated engages in the design and manufacture of semiconductors. It operates through the following segments: Analog, Embedded Processing, and Other. Analog semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors. The Embedded Processing segment involves handling specific tasks and can be optimized for various combinations of performance, power, and cost, depending on the application. The company was founded in 1930 and is headquartered in Dallas, TX.
Market value of Texas Instruments(TXN.US): US$179.734B
Stock price performance in 2024: +18.89%
What's the latest news:
Stock price drops: Texas Instruments' stock fell by 2.95%, underperforming its peers.
Options trading surge: Options activity on Texas Instruments shows market uncertainty about its stock direction.
Stock valuation: Texas Instruments' current stock price is close to its fair value, with a positive future outlook.
Executive stock sale: A Texas Instruments officer sold shares worth over $10 million.
Hits 4-week low: Texas Instruments' stock hits a four-week low, showing poor market performance.
Qualcomm(QCOM.US)
Company overview
QUALCOMM, Inc. engages in developing and commercializing foundational technologies and products used in mobile devices and other wireless products. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses and provides rights to use portions of the firm's intellectual property portfolio. The QSI segment focuses on opening new or expanding opportunities for its technologies and supporting the design and introduction of new products and services for voice and data communications. The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA.
Market value of Qualcomm(QCOM.US): US$170.805B
Stock price performance in 2024: +7.83%
What's the latest news:
Analyst Ratings Update: Qualcomm's latest analyst ratings and target price changes.
Elliott Wave Analysis: Qualcomm's stock is currently in a downward corrective phase according to Elliott Wave technical analysis.
AI Sector Performance: Qualcomm's performance in the AI sector is attracting investor attention.
PC Chip Sales Surge: Qualcomm CEO reports that PC chip sales are exceeding expectations.
Five-Year Sales Target: Qualcomm announces ambitious sales targets for the next five years across multiple business units.
Arm Holdings(ARM.US)
Company overview
Arm Holdings Plc operates as a holding company, which engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. The company was founded on November 12, 1990 and is headquartered in Cambridge, the United Kingdom.
Market value of Arm Holdings(ARM.US): US$137.860B
Stock price performance in 2024: +74.54%
What's the latest news:
Strong Earnings, Hidden Concerns: Arm Holdings reported strong profits, yet the stock remained stagnant due to underlying concerns.
Active Options Trading: Arm Holdings saw a high volume of options trading, with significant open interest, indicating active market participation.
Stock Falls 11%: Arm Holdings' stock price fell by 11% in a month, prompting investors to consider if it's a good time to buy.
Micron Technology(MU.US)
Company overview
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.
Market value of Micron Technology(MU.US): US$107.592B
Stock price performance in 2024: +14.07%
What's the latest news:
Buy Recommendation: Citi analyst recommends buying Micron Technology as semiconductor market recovery is expected by 2025.
Surge in Options: Significant increase in options activity for Micron Technology indicates major market attention to its stock price.
Market Disregards Fundamentals: Despite high profit retention, Micron Technology's low return on equity may be hindering its earnings growth.
Rebounds After Losses: Micron Technology's stock rebounds after six consecutive days of losses.
Underperforms Market: Micron Technology's stock performance lags behind the market, with investors looking forward to its upcoming earnings report.
Analog Devices(ADI.US)
Company overview
Analog Devices, Inc. is a semiconductor company, which engages in the combination of analog, digital, and software technologies into engineering solutions. Its products include analog and mixed signals, power management and reference, amplifiers radio frequency, and reference, sensors and actuators, and digital signal processing and system. The company was founded by Raymond P. Stata and Matthew Lorber in 1965 and is headquartered in Wilmington, MA.
Market value of Analog Devices(ADI.US): US$103.564B
Stock price performance in 2024: +6.39%
What's the latest news:
Hits 13-week Low: Analog Devices hits a 13-week low with a price of $212.52.
Maintains Buy Rating: BofA Securities maintains a buy rating for Analog Devices with a target price of $245.
Outpaces Stock Market: Analog Devices' stock rose by 1.6% today, outperforming the S&P 500.
Price Target Lowered: BofA lowers Analog Devices' price target to $245 from $255 due to soft industrial trends.
Intel(INTC.US)
Company overview
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other. The CCG segment consists of platforms designed for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. The DCAI segment delivers solutions to cloud service providers and enterprise customers, along with silicon devices for communications service providers and high-performance computing customers. The NEX segment offers computing system solutions from inflexible fixed-function hardware to general-purpose compute, acceleration, and networking devices running cloud native software on programmable hardware. The Mobileye segment develops driving assistance and self-driving solutions. The AXG segment provides products and technologies designed to help customers solve the toughest computational problems. Its products include CPUs for high-performance computing and GPUs targeted for a range of workloads and platforms, from gaming and content creation on client devices to delivering media and gaming in the cloud, and the most demanding high-performance computing and AI workloads on supercomputers. The IFS segment refers to full stack solutions created from the foundry industry ecosystem. The All Other segment represents results from other non-reportable segments and corporate-related charges. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968, and is headquartered in Santa Clara, CA.
Market value of Intel(INTC.US): US$102.002B
Stock price performance in 2024: -52.30%
What's the latest news:
Intel's Revival Dilemma: Intel faces fierce competition from AMD and in the AI sector, impacting its stock performance.
US Accelerates Semiconductor Subsidies: The US government plans to expedite semiconductor manufacturing subsidies to companies like Intel before the political transition.
Intel AI Stock Gains Attention: Despite underperforming in the AI sector compared to others, Intel remains a focus for investors.
Intel Ranked Low in AI Stocks: Intel ranks at the bottom in UBS's AI stock ratings.
Active Intel Options Trading: Intel's options trading is active, reflecting market expectations for its future price.
To start trading stocks, the initial step is to acquire a brokerage account. When choosing an online stock brokerage, there are two critical factors to consider: brokerage offerings and a user-friendly platform. Futubull app would be helpful.
Step 2: Deciding how many shares to buy
To gain initial experience, it's wise to paper trade using a stock market simulator. Alternatively, start with a small investment amount.
Step 3: Buying stocks using the right order type
To master stock buying, it's essential to understand three critical order types: market orders, limit orders, and stop orders.
Step 4: Placing the stock order with your brokerage
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty. Read More
