From Nasdaq:

The semiconductor industry is set to rebound after a period of sluggishness, with global sales picking up momentum. Despite year-over-year declines, there has been a promising sequential monthly surge in semiconductor sales of 3.9%. Forecasts project a 13.1% rebound in 2024, driven by increased demand from artificial intelligence and other technological advancements.

Photronics, a leading manufacturer of photomasks, is experiencing growth due to its investment in technology and partnerships with customers. It’s expected to see earnings growth of 27.5% in fiscal 2024.

NVIDIA, a leader in visual computing technologies, is expecting fourth-quarter fiscal 2024 revenues to reach $20 billion. The company’s focus on AI-based solutions and GPU technology has positioned it as a dominant player in the market for AI chips.

Qorvo, a provider of core technologies and RF solutions, is benefiting from rising demand for IoT connectivity solutions and smart sensors. Their expertise in RF and power management has allowed them to deliver efficient semiconductor solutions.

ASML, a leader in advanced technology systems for the semiconductor industry, is seeing growth in the memory market and increasing design wins. The company is benefiting from growing opportunities in semiconductor end markets and megatrends in the electronics industry.



Read more: 4 Stocks to Consider as the Semiconductor Market Rebounds