Is Nvidia and Broadcom leading the way? Will there be signs of recovery in the AI semiconductor industry soon? Which stocks still have significant upside potential?
This week, semiconductor-related stocks rebounded. $NVIDIA (NVDA.US)$The stock price rose by approximately 15% in one week, $Broadcom (AVGO.US)$has surged by more than 20%. It is composed of semiconductor-related stocks. $VanEck Semiconductor ETF (SMH.US)$The stock closed at $236.91, up 10% in 5 days.
Top U.S. semiconductor company.NVIDIA CEO Jensen Huangat the Goldman Sachs Group Technology Conference in San Francisco, expressed his views on the next-generation AI semiconductor 'Blackwell'pointed out that there is strong demand.pointed out. The companyOutsourcing the physical production of hardware to external suppliers, the company is making maximum efforts to keep up with demand.stated. In the overly pessimistic market atmosphere, Jensen Huang's remarks strengthened market confidence in AI chips and led the recovery of semiconductor stock prices.
And at the ABC US Presidential Debate on the 11th, Vice President Harris"Invest in U.S. technology and win the competition in the development of AI and quantum computers"It also affected the stock prices of AI semiconductors.
Analyst Stacy Rasgon of Bernstein said on Thursday that Broadcom and Nvidia are his top picks in the semiconductor sector. The stock prices of both companies fell significantly after Q3 earnings fell short of the market's high expectations. However, this week's rebound indicates that investors have also 'calmed down' after excessive selling. Although Stacy Rasgon believes that investor enthusiasm may be 'paused', the demand for AI semiconductors is"The demand for AI semiconductors is not significantly declining."The market mood seems to have turned optimistic.
According to the Semiconductor Industry Association (SIA), global semiconductor revenue in July 2024 was $51.3 billion, an 18.7% increase compared to the same month last year. This marks nine consecutive months of outperforming the previous year's performance.
Furthermore, the World Semiconductor Trade Statistics (WSTS) predicts a +16.0% growth in the global semiconductor market compared to the previous year. The demand for memory and some logic products is rapidly expanding due to strong global investments in AI. They expect an even further market expansion of +12.5% in 2025. (WSTS Japan Council)
From a global perspective, the semiconductor industry is recovering gently in the first half of 2024. The demand for datacenters and artificial intelligence is increasing, promoting the development of AI servers and storage chip markets. At the same time, there is also an increasing demand for consumer electronics products such as smart phones and computers, indicating growth in the integrated circuits industry. Internationally respected organizations predict that the demand for AI semiconductors will grow by 20-30% in the future.The most anticipated stock? Which stocks still have significant upside potential? According to Wall Street rating information, the following six stocks have the potential for over 20% upside. Aside from Nvidia and Broadcom, it is predicted.
Nvidia and Broadcom, $Taiwan Semiconductor (TSM.US)$ 、 $ASML Holding (ASML.US)$ 、 $Advanced Micro Devices (AMD.US)$ 、 $Qualcomm (QCOM.US)$It is also expected.
$ASML Holding (ASML.US)$ Over the past 15 years, it has exceeded the market on an annual basis by 10.84% and had an average annual return of 22.48%. Currently, ASML Holding's market capitalization is 313.81 billion dollars. According to the average target stock price on Wall Street, the highest isThere is a potential for growth of more than 47%.Analysts have very high expectations for this stock.
$Qualcomm (QCOM.US)$The stock price has risen 17.65% year-to-date. According to Wall Street's highest target price, there is stilla potential for growth of more than 35%.It is expected.
$Advanced Micro Devices (AMD.US)$Lisa Su, CEO of Goldman Sachs Group, announced at the technology conference that the company will accelerate its AI roadmap and release new AI chips every year. AMD expects its sales of MI300x to reach $4.5 billion in 2024, a significant increase from $0.1 billion last year. Jefferies analyst Brain Curtis predicts that this year's revenue will reach $5 billion. AMD's stock price has risen by 39.98% over the past year, with a record high still to be reached.more than 26% upside potential.It is expected.
$Taiwan Semiconductor (TSM.US)$It has shown a growth of over 60% since the beginning of the year. According to Wall Street's highest target price, it is stillmore than 26% upside potential.It is expected.
Source: Bloomberg, WSTS, Benzinga, Fisco
This article is partially translated using auto-translation.
moomoo news of individual stocks Alicia
This article is partially translated using auto-translation.
moomoo news of individual stocks Alicia
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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HONDA N-ONE : What are the most anticipated stocks?
Everyone knows it even if you don't say it
コレ君 HONDA N-ONE :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
バケツ3杯 : After playing during the consecutive holidays and neglecting it, when I woke up this morning, I realized that I had accidentally bought TSM at the limit price of 170.24... I wonder if that's a good thing!?