Semiconductor stocks like NVIDIA, AMD, AVGO, LRCX, and TSM are performing well.

From Nasdaq: 2024-10-21 05:10:00

Zacks Market Edge podcast hosted by Tracey Ryniec covers hot investing topics weekly. This week, Tracey discusses semiconductor stocks like NVIDIA, Advanced Micro Devices, Broadcom, Lam Research, and Taiwan Semiconductor. NVIDIA shares are up 184.2% YTD, while AMD’s are up 48.6%. Broadcom expects earnings to rise 14% in 2024. Lam Research has a forward P/E of 22.8 despite a 2.4% YTD decrease. Taiwan Semiconductor expects earnings to rise 24.5% in 2024. Podcast: https://www.zacks.com/stock/news/2353381/should-you-buy-semiconductor-stocks-right-now.

NVIDIA shares have surged over the last 18 months, experiencing a 116% rise in expected earnings for fiscal 2025 and a forward P/E of 48. Advanced Micro Devices shares are up 12.8% YTD and expected earnings to jump 26.8% in 2024. Broadcom has a P/E of 36.7x and expects earnings to rise 14% in fiscal 2024. Lam Research’s earnings are expected to rise 8.7% in fiscal 2025. Taiwan Semiconductor’s shares are up 102.7% YTD with a forward P/E of 29.1.

The semiconductor stocks have experienced significant growth, with NVIDIA at all-time highs and Advanced Micro Devices, Broadcom, and Taiwan Semiconductor also performing well. Lam Research has seen share weakness but attractive valuations. The industry overall is expected to benefit from rising demand for AI chips, with global semiconductor manufacturing projected to reach $803 billion by 2028. Followers are urged to tune into the Zacks Market Edge podcast for more insights.



Read more at Nasdaq: Zacks Market Edge Highlights: NVDA, AMD, AVGO, LRCX and TSM