From Nasdaq:

In 2023, the semiconductor sector, as represented by the VanEck Semiconductor ETF (NASDAQ: SMH), soared 73.4%. While the growth can be attributed to the AI revolution driving major names like Nvidia and Advanced Micro Devices, there are still some undervalued chip companies offering great potential in this red-hot market.

Taiwan Semiconductor Manufacturing (NYSE: TSM) grew 42.3% in 2023, despite a dip mid-year due to lower-than-expected AI chip demand. However, the company’s strong year-end growth hints at a positive outlook for the future.

On Semiconductor (NASDAQ: ON) experienced a slowdown due to supply chain shortages and higher interest rates affecting EV demand, but the long-term potential remains promising for this leader in silicon carbide power chips.

Kulicke and Soffa (NASDAQ: KLIC) holds a dominant position in chip-packaging technology, and while their mature business experienced a downcycle, their average earnings power suggests an undervalued stock with significant potential growth in 2024.



Read more: The Semiconductor Sector Rocketed 73% Higher in 2023, But These 3 Players Still Look Like Bargains