Exploring the Potential of Semiconductor Giants in the Stock Market Exploring the Potential of Semiconductor Giants in the Stock Market

Actionable Trade Ideas

always free

The semiconductor industry stands as the beating heart of our technological realm, providing the essential chips that fuel our everyday gadgets, digital devices, and even complex machinery. It is a realm of constant evolution, where innovation reigns supreme, captivating investors on the lookout for growth avenues within cutting-edge technology.

Investing in semiconductor stocks opens a gateway to a world of opportunities. These companies, often pioneers in technological breakthroughs, flourish during times of heightened electronics demand. Moreover, their foray into new sectors like electric vehicles and renewable energy promises sustained growth over the long run. Yet, the road is not without its bumps; semiconductor stocks dance to the tune of volatility, swayed by global disruptions, technological shifts, and the ebb and flow of economic cycles dictating consumer and business spending.

Challenges abound in the semiconductor domain, with hefty capital investments in research, development, and fabrication posing significant hurdles. Entry barriers loom large, impacting profitability in lean periods when demand slackens. Nonetheless, the allure of the semiconductor industry remains intact for investors seeking exposure to the vast horizons of the tech sector. For those eyeing this dynamic domain, let’s shine a spotlight on two pivotal players in the current stock market arena.

Semiconductor Stocks To Hold Your Gaze On Today

  • Advanced Micro Devices Inc. (NASDAQ: AMD)
  • Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM)

Advanced Micro Devices (AMD Stock)

best tech stocks to buy (AMD stock)

Kicking off our exploration is the remarkable Advanced Micro Devices Inc. (AMD), a stalwart in the global semiconductor domain. Renowned for its Ryzen and EPYC series of processors, AMD crafts microprocessors, motherboard chipsets, and graphics processors tailored for a spectrum comprising servers, workstations, PCs, and embedded systems.

In a recent development, Advanced Micro Devices unveiled plans to disclose its fiscal first-quarter 2024 financial outcomes on April 30, 2024, post the market’s daily hustle. Subsequently, a conference call is slated at 5:00 p.m. EDT / 2:00 p.m. PDT on the same day to dissect these results. In the previous quarter, AMD reported earnings amounting to $0.78 per share on revenue reaching $6.17 billion.

Year-to-date, AMD stock has ascended by a commendable 11.58%. However, the preceding month witnessed a slight setback, with AMD stock retracting by 18.80%. Presently, on a bright Thursday morning, Advanced Micro Devices stock displays vigor, surging by 0.31% at $154.49 per share.

Taiwan Semiconductor Manufacturing Co. (TSM Stock)

top tech stocks (TSM stock)

Landing next on our radar is the indomitable Taiwan Semiconductor Manufacturing Company Ltd. (TSM), or commonly known as TSMC, a behemoth dominating the semiconductor foundry space. It manufactures a substantial chunk of the globe’s integrated circuits, cementing its pivotal role in the intricate tapestry of the global electronics supply chain.

Today marks an auspicious occasion as TSMC unveils results that leapfrog expectations for its first quarter of 2024. To delve deeper, the company posted an EPS of $1.38 per share alongside revenues touching $18.87 billion for Q1 2024. Moreover, Q2 stands in anticipation, with revenue projections ranging between $19.60 billion and $20.40 billion.

In the current year, TSM stock has surged by an impressive 30.26%. However, engaging in Thursday’s trading fracas, TSMC stock witnessed a minor dip, opening lower by 4.80% at $132.36 a share.

If you relished this insight and are intrigued by the prospects of mastering the trading domain for consistent profits, be sure to explore this captivating YouTube channel.

The perspectives expressed herein are the subjective viewpoints of the author and do not necessarily mirror those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.