Key semiconductor stocks like Nvidia, Microsoft, Meta Platforms show strong growth potential.

From Nasdaq: 2024-12-03 05:00:00

Zacks Investment Ideas highlights key semiconductor stocks like Nvidia, Microsoft, Meta Platforms, and more. The tech sector has rebounded, driven by artificial intelligence growth. Nvidia, a Zacks Rank #2 stock, dominates the AI market with strong earnings estimates projecting 125.38% growth in 2025. Supply concerns, including delays and accounting worries, have been addressed, boosting investor confidence.

The debut of ChatGPT by Open AI and Microsoft sparked an AI arms race, benefiting semiconductor stocks like Nvidia. Despite concerns about overvaluation, Nvidia’s earnings call reassured investors of strong demand. Supply issues have been addressed, with Nvidia’s next-gen chips expected to ramp up production soon. Super Micro Computer also addressed accounting concerns, leading to a share price jump.

Semiconductor stocks continue to show strength, with the Vaneck Semiconductor ETF finding support at a critical technical level. Valuations in the industry remain attractive, with stocks like Arm Holdings and Advanced Micro Devices consolidating. With supply issues resolved and a bullish technical and valuation environment, semiconductor stocks are poised for a year-end rally.

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Read more at Nasdaq: Zacks Investment Ideas feature highlights: Nvidia, Microsoft, Meta Platforms, Taiwan Semiconductor, Super Micro Computer, Vaneck Semiconductor ETF, Arm Holdings and Advanced Micro Devices