Semiconductor stocks have been in fine form on the market in the past year, which is evident from the 61% jump in the PHLX Semiconductor Sector index, and this terrific jump has helped two of the index's constituents -- Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AM
Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in NVIDIA Corp (Symbol: NVDA), where a total of 1.1 million contracts have traded so far, representing approximately 112.8 million underlying shares. That amounts to about
Cerence CRNC is benefiting from an expanding clientele and enhancing its global footprint in the automotive industry, bolstered by a robust network of partners.Building on this momentum, Cerence reported solid financial results in
It's been a bullish week for the tech-heavy Nasdaq Composite index. As of midday Friday, the index has leapt by almost 3% since last week's close. But the stock of tech giant Nvidia (NASDAQ: NVDA) has blown away those results. The advanced semiconductor chipmaker's shares have su
In this video, I will talk about Nvidia (NASDAQ: NVDA), more specifically what its CEO said in 2011, how that turned out, and a look at some more recent announcements.
After a prolonged downturn, the personal computer (PC) market witnessed a modest recovery in the fourth quarter of 2023. Worldwide shipments rose 0.3% year over year to 63.3 million units in the fourth quarter, marking the first a
Ericsson ERIC announced that ODIDO, the leading mobile phone company in the Netherlands, has opted to deploy Ericsson’s billing system for its mobile virtual network offering. In this venture, Ericsson collaborated with Wipro Limi
Ericsson ERIC announced that ODIDO, the leading mobile phone company in the Netherlands, has opted to deploy Ericsson’s billing system for its mobile virtual network offering. In this venture, Ericsson collaborated with Wipro Limi
For Immediate ReleaseChicago, IL – January 12, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fi
Arrow Electronics ARW announced that it is helping its long-time client, Oyika, in rolling out battery charging stations in Southeast Asian cities to enable a new generation of clean and silent electric motorcycles.Arrow has helpe
Infosys Limited INFY shares closed 4% higher on Thursday after the India-based IT consulting and outsourcing company reported better-than-expected results for the third quarter of fiscal 2024. The company reported earnings of 18 c
Semiconductor stocks look promising amid the booming global digital transformation, tech innovation, and the ongoing artificial intelligence (AI) wave. As per data intelligence platform
Statista, the sector is expected to grow at a rate of 6.3% from 2024 to 2027, resulting in a market volume of $736.4 billion. Investors should note that many semiconductor companies have strong balance sheets, deliver consistent profits, and carry attractive dividend yields, making them appealing to long-term investors.
Using
TipRanks’ Stock Screener tool, we identified five semiconductor stocks that have the potential to outperform the market. These stocks have received a Strong Buy rating from Wall Street analysts and have an Outperform
Smart Score (i.e., 8, 9, or 10) on TipRanks. Moreover, the analysts’ price targets reflect some upside potential from the current level.
Here are the five key stocks from the semiconductor sector for investors to consider.
Nvidia (
NASDAQ:NVDA
) – Nvidia manufactures computer graphics processors, chipsets, and related multimedia software. NVDA stock’s average price target implies an upside potential of 20.7%. Further, it has a
Smart Score of nine.
Broadcom (
NASDAQ:AVGO
) – The global technology company designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. AVGO stock’s price forecast of $1,145.31 implies 4.1% upside potential. Moreover, it has an outperforming
Smart Score of “Perfect 10.”
Marvell (
NASDAQ:MRVL
) – Marvell is a global semiconductor company that provides solutions for data infrastructure, storage, processing, and connectivity. The stock’s average price target implies an upside potential of 6.1%. Also, its
Smart Score of “Perfect 10” is encouraging.
Micron (
NASDAQ:MU
)– Micron specializes in the development and production of memory and storage solutions. MU stock has an average price target of $95.22, which implies 14.2% upside potential from current levels. It has a
Smart Score of nine.
Applied Materials (
NASDAQ:AMAT
)– The company provides manufacturing solutions for the semiconductor and display industries. AMAT stock has an analyst consensus upside of 11.2% and a
Smart Score of eight.
Disclosure
Below is Validea's guru fundamental report for NVIDIA CORP (NVDA). Of the 22 guru strategies we follow, NVDA rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consiste
Apple (NASDAQ: AAPL) has been the world's largest company since 2011 (although a few companies passed it briefly). Right now, Apple is worth about $3 trillion -- nearly triple the size of Nvidia (NASDAQ: NVDA) at $1.2 trillion.
Designed to provide broad exposure to the Technology ETFs category of the market, the SPDR NYSE Technology ETF (XNTK) is a smart beta exchange traded fund launched on 09/25/2000.
The EU's antitrust chief Margrethe Vestager said she met with the chief executives of Apple, Alphabet and Qualcomm to discuss regulation and competition policy compliance, in posts on social media platform X on Friday.