From Nasdaq:

The semiconductor industry had a positive day on the stock market, with many chipmakers and affiliated companies seeing their share prices rise following satisfying quarterly results. Taiwan Semiconductor Manufacturing (NYSE: TSM) saw its stock zoom almost 10% higher after posting year-over-year declines in both revenue and earnings for its fourth quarter. Taiwan Semi delivered on quarterly results, projecting a return to top-line growth in its first quarter. There is expected to be heavy demand for next-generation products, with a focus on AI-powered growth. ASML Holding (NASDAQ: ASML) and Applied Materials (NASDAQ: AMAT) both had their share prices rise by 4.5% on the day.

Before investing in Applied Materials, consider that the stock was not identified by The Motley Fool’s Stock Advisor analyst team as one of the 10 best stocks for investors to buy now. Stock Advisor offers investors a blueprint for success and has outperformed the S&P 500 since 2002. Eric Volkman of The Motley Fool has no position in any of the stocks mentioned but notes that The Motley Fool has positions in and recommends ASML, Applied Materials, and Taiwan Semiconductor Manufacturing.



Read more: Why Applied Materials and ASML Holding Stocks Bounced Nearly 5% Higher Today