6 chip stocks with growth potential in 2024

Recent events in the semiconductor industry are increasing investor interest in chip stocks. The semiconductor industry is currently experiencing a number of events and news that are boosting investor interest in the sector's stocks.

Particular emphasis is being placed on factors such as strong government subsidies and the possible start of a supercycle in the sector. The new year brings new prospects and events that may affect the growth potential in this sector.

Applied Materials $AMAT

Applied Materials is a key company in the chip manufacturing industry. It provides the equipment required for the chip manufacturing process and the growing demand for chip devices is expected to boost sales of the company's equipment.

Taiwan Semiconductor Manufacturing $TSM

Taiwan Semiconductor Manufacturing is one of the leading players in the semiconductor market. Recent news of the company's revenue growth of 25% in 2024 has boosted investor interest in TSM stock. The company has also entered into a key agreement related to investment in new manufacturing capacity and technology, which has boosted investor interest in TSM stock expecting long-term growth.

ASML $ASML

The only company capable of doing what it does,ASML provides the complex "lithography" machines used in chip manufacturing. Recent stock performance ASML may be indicative of their continued investment opportunity.

Micron Technology $MU

Micron Technology is recovering from a tough 2023, when demand for memory chips fell. However, analysts suggest that the memory chip sector may be in the early stages of a recovery, which could provide growth potential for companies like Micron Technology.

Nvidia $NVDA

Despite concerns about overpricing, the Nvidia may still represent an interesting investment. With its dominance in artificial intelligence and the upcoming launch of new chips, the stock price is expected to rise further.

Advanced Micro Devices $AMD

Advanced Micro Devices is having a positive moment thanks to growing demand for their chips. With the anticipated transition of big players like Microsoft and Meta Platforms to AMD chips, the company may have great potential for future growth.

Disclaimer: There is a lot of inspiration to be found on Bulios, but stock selection and portfolio construction is up to you, so always do a thorough analysis of your own.

Source.


No comments yet
Don't have an account? Join us

Log in to Bulios


Or use email and password
Already a member? Log in

Create Bulios profile

Continue with

Or use email and password
You can use lowercase letters, numbers, and underscores

Why Bulios?

One of the fastest growing investor communities in Europe

Comprehensive data on thousands of stocks from around the world

Current information from global markets and individual companies

Education and exchange of investment experience among investors

Fair prices, portfolio tracker, stock screener and other tools

Posts StockBot Tracker