Top 10 Semiconductors Stocks to Watch in Aug 2024: Essential Guide for Investors
What 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$2.447T
Stock price performance in 2024: +100.93%
What's the latest news:
Pelosi Buys More Nvidia: Nancy Pelosi purchased additional Nvidia shares, selling some Microsoft stock before Q4 earnings.
Nvidia GPU Delay: Nvidia's next-gen Blackwell GPU may face delays due to a design flaw.
Nvidia Stock Rises: Analysts have reinstated Nvidia as a top pick in the semiconductor sector, leading to a stock price increase.
Nvidia Surges Post-Bell: Nvidia's stock rose in after-hours trading following strong Q2 earnings from AMD.
Nvidia Stock Dips: After significant gains, Nvidia's stock fell today amid increased market volatility.
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$758.193B
Stock price performance in 2024: +41.58%
What's the latest news:
AMD Beats Earnings: AMD's Q2 earnings surpassed Wall Street forecasts, driven by strong AI chip sales.
Intel Stock Plunges: Intel's nearly 30% stock drop could be beneficial for AMD, Qualcomm, and TSMC.
Morgan Stanley on NVIDIA: Morgan Stanley predicts stable revenue for Taiwan Semiconductor despite production challenges.
Stock Market Trends: Nuzee's stock price surged 89.18% in pre-market trading.
Intel's Market Share Falls: Intel's market share loss could benefit competitors like AMD and Qualcomm.
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$653.266B
Stock price performance in 2024: +26.67%
What's the latest news:
Analyst Ratings Update: Analysts raise target prices for Apple and Microsoft.
ARM Stock Plummets: ARM's stock falls sharply in after-hours trading due to disappointing earnings.
Broadcom Stock Soars: Broadcom's stock surges due to dovish comments from the Fed.
Post-Split Dip: Broadcom's stock dips after a stock split, amid cautious AI chip outlook.
Cramer Bullish on Broadcom: Jim Cramer expresses optimism about Broadcom's Q2 results on his show.
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$218.139B
Stock price performance in 2024: -8.57%
What's the latest news:
US Stocks to Rise: US stocks set to gain ahead of Microsoft and AMD earnings.
AMD Beats Estimates: AMD's earnings surpass expectations, boosting its stock.
AMD Exceeds Forecasts: AMD reports Q2 earnings with better-than-expected revenue and EPS.
Intel Disappoints: Intel reports significant losses in Q2, raising concerns about its future.
AMD Shares Surge: AMD shares jump 8% following an earnings report that exceeded forecasts.
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$175.121B
Stock price performance in 2024: +9.69%
What's the latest news:
Earnings Beat: Qualcomm's Q3 revenue and earnings exceeded analyst expectations.
Strong Strategy Execution: Qualcomm's Q3 results reflect strong execution of its growth and diversification strategy.
Revenue and Profit Increase: Qualcomm reported increased revenue and profits for Q3, surpassing forecasts.
Stock Price Fluctuates: Despite better-than-expected results, Qualcomm's stock dipped in after-hours trading.
Earnings Preview: Analysts focus on Qualcomm's AI and automotive revenue growth ahead of Q3 earnings.
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$165.207B
Stock price performance in 2024: +8.46%
What's the latest news:
AI Semiconductor Growth: Tokyo Electron forecasts strong AI semiconductor sales, eyes U.S. export controls to China.
Long-term Investment Return: $100 invested in Texas Instruments 20 years ago would now be worth $954.39.
Apple Leads Losses: Wireless charging stocks dip in pre-market, with Apple recording the largest drop.
Whales Bet on TXN: Large investors take a bearish stance on Texas Instruments.
Upcoming Ex-Dividend: Texas Instruments to go ex-dividend on July 31st, 2024, with a dividend of $1.3 per share.
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$115.594B
Stock price performance in 2024: +46.77%
What's the latest news:
Arm Royalty Miss: Arm Holdings' Q1 royalty revenue fell short, impacting its stock price.
Arm Beats Expectations: Arm Holdings mostly surpassed Q1 expectations, though royalty revenue disappointed.
Arm Q1 2025 Preview: Arm Holdings is set to announce Q1 earnings, with positive market expectations.
Arm Stock Declines: Arm Holdings' stock declined post-earnings amid disappointing annual sales forecasts.
Nvidia Stock Falls: Nvidia's stock drops due to Blackwell chip delays and overall market weakness.
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$100.511B
Stock price performance in 2024: +6.42%
What's the latest news:
Micron stock drops: Micron Technology's stock falls 7% due to market volatility.
Whales eye Micron: Large investors adopt a bullish stance on Micron Technology.
Peconic bullish on Micron: Peconic Partners is bullish on Micron Technology, showing strong stock performance.
Intel plans layoffs: Intel plans to lay off thousands to cut costs.
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$98.891B
Stock price performance in 2024: +1.24%
What's the latest news:
Earnings Expectations: Analog Devices is expected to report a Q3 EPS of $1.50, down 39.8% from the previous year.
Outperforms Market: Analog Devices' stock rose 0.43% in the latest session, outperforming the S&P 500.
Price Target Cut: Morgan Stanley reduced the price target for Analog Devices from $260 to $250.
Increased Short Interest: Short interest in Analog Devices has risen to 2.03% of float, indicating bearish market sentiment.
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$84.878B
Stock price performance in 2024: -60.22%
What's the latest news:
Intel stock declines: Intel reports poor Q2 results, announces layoffs and cost cuts.
Intel continues to fall: Intel's stock extends its decline into a third session, hitting a 12-year low.
Intel's weak Q2 results: Intel's disappointing Q2 performance leads to a significant stock price drop.
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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
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