Zacks Investment Ideas feature highlights: Taiwan Semiconductor, Nvidia, Constellation Energy and Micron

From Nasdaq: 2024-11-18 02:45:00

Zacks Investment Ideas feature highlights Taiwan Semiconductor, Nvidia, Constellation Energy, and Micron Technology. Full Court Finance at Zacks explores reasons for the stock market’s highs post-Trump’s victory and recommends three AI stocks to buy now. Taiwan Semiconductor is praised for its industry dominance with 61% market share and strong growth projections.

Taiwan Semiconductor is lauded for its pioneering semiconductor business model and industry-leading 3-nanometer technology. The company’s 3-nanometer chips are fueling the AI boom, with impressive revenue growth projections. Taiwan Semi’s stock, trading below all-time highs, offers potential for growth and is rated a Strong Buy by Zacks.

Constellation Energy secures a 20-year power purchase agreement with Microsoft, highlighting its position as a leading U.S. nuclear power plant operator. The company benefits from government support for nuclear energy expansion and has posted solid results with plans for dividend growth and shareholder value return.

Micron Technology, a key supplier for AI processors, is projected to see significant revenue growth driven by AI demand. Despite recent volatility, Micron’s growth outlook remains strong, with a majority of brokerages rating the stock as a Strong Buy. Micron’s stock offers potential for long-term growth and is trading below its all-time highs.

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