3 Semiconductor Stocks To Watch In May 2024

From Nasdaq: 2024-05-20 11:12:10

The semiconductor industry is vital to technology, creating chips for devices like smartphones and cars. Investing in semiconductor stocks can bring high returns, but be prepared for market volatility due to technological changes and global economic conditions. Despite challenges, the sector holds potential for lucrative investments in the tech-driven market.

Advanced Micro Devices (AMD) dominates in high-performance computing, with 156 of the Top500 supercomputers using AMD products. Texas Instruments (TXN) exceeded Q1 revenue expectations, and NVIDIA Corporation (NVDA) will discuss fiscal results at a conference call. These semiconductor stocks have seen positive year-to-date growth, appealing to investors seeking long-term gains.



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