From Nasdaq: 2024-11-07 14:00:00

1. Global semiconductor sales soar in the third quarter, reaching $166 billion, up 23.3% year over year. The ongoing AI enthusiasm is driving demand for semiconductors, with NVIDIA leading the way in generative AI technologies.
2. Experts predict AI’s untapped potential will further boost demand for semiconductor stocks like NVIDIA Corporation (NVDA), Taiwan Semiconductor Manufacturing Company Limited (TSM), and Semtech Corporation (SMTC), all with favorable Zacks Ranks.
3. Gartner projects global semiconductor revenues to hit $630 billion in 2024, with NAND flash seeing a 12% revenue jump by 2025. Federal Reserve interest rate cuts could benefit growth assets like semiconductor stocks.
4. NVIDIA Corporation, a leader in visual computing technologies and AI solutions, has a strong earnings growth rate. Taiwan Semiconductor Manufacturing Company Limited and Semtech Corporation also have favorable earnings growth rates and Zacks Ranks.
5. The demand for nuclear energy is rapidly growing, with leaders committing to tripling global capacities. Investors can benefit from nuclear-related stocks by getting in early on this opportunity, with 3 standout stocks poised for growth. Download the Atomic Opportunity report for more insights.

Read more at Nasdaq: AI Optimism Driving Semiconductor Sales: 3 Stocks With Room to Run