Two semiconductor stocks to watch in the stock market this week.
The semiconductor industry stands as a linchpin in today’s technology-driven era, fueling everything from the simplest smartphones to the most advanced electric cars. As modern lifestyles increasingly hinge on interconnected devices, the semiconductor sector’s importance is only set to grow, especially with the proliferation of trends such as the Internet of Things (IoT) and the rollout of 5G networks. These technological shifts position the semiconductor industry as a major player in the future global economic landscape.
Investors have recognized the potential of semiconductor stocks, leading many to dive into the market. These companies not only design and manufacture chips, but they’re also at the forefront of burgeoning technologies like artificial intelligence, augmented reality, and quantum computing. However, like many industries, the semiconductor sector isn’t immune to volatility. The cyclical nature of this industry means stock prices can vary widely based on a combination of global factors, technological innovations, and shifts in supply and demand.
For those considering investing in the semiconductor space, the sector brims with both opportunities and challenges. Knowledge of the continually evolving tech landscape is crucial, and investors should be prepared for a market defined by its fierce competition and rapid pace. Although the trajectory points to sustained growth, unforeseen challenges like supply chain disruptions, geopolitical tensions, or even breakthrough innovations can influence stock trajectories. As always, thorough research, due diligence, and a diversified approach are key when navigating the intricacies of semiconductor stocks. In light of this, let’s discuss two semiconductor stocks to check out in the stock market today.
Semiconductor Stocks To Invest In [Or Avoid] Now
Advanced Micro Devices (AMD Stock)
To begin, Advanced Micro Devices Inc. (AMD) stands as a preeminent global semiconductor entity renowned for its sophisticated computing and graphical solutions catered to personal computers, gaming consoles, and data centers.
At the beginning of this month, Advanced Micro Devices reported its Q2 2023 financial results. In the report, the company notched in earnings of $0.57 per share along with revenue of $5.36 billion. This is compared with analysts’ consensus estimates for the quarter which were an EPS of $0.57 and revenue estimates of $4.74 billion.
Year-to-date, shares of AMD stock have risen by 81.15% so far. Meanwhile, as of Monday afternoon’s trading session, AMD stock is trading at $115.97 per share.
Source: TD Ameritrade TOS
Texas Instruments Inc. (TXN Stock)
Second, Texas Instruments Incorporated (TXN) is a major American technology company that designs and manufactures semiconductors and integrated circuits. TI has solidified its reputation in diverse markets including automotive, industrial, electronics, and education, notably producing the well-known line of graphing calculators.
In late July, Texas Instruments also reported its second quarter 2023 financial results. Diving in, the company posted Q2 2023 earnings of $1.87 per share and revenue of $4.53 billion. This is versus Wall Street’s consensus estimates which were earnings of $1.76 per share with revenue estimates of $4.37 billion.
In 2023 so far, Texas Instruments stock is trading up by 2.87% year-to-date. Moreover, during Monday’s power hour trading session, shares of TXN stock are trading at $167.89 a share.
Source: TD Ameritrade TOS
Originally Posted August 7, 2023 – 2 Semiconductor Stocks For Your August 2023 Watchlist
Disclosure: Interactive Brokers
Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.
This material is from StockMarket.com and is being posted with its permission. The views expressed in this material are solely those of the author and/or StockMarket.com and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.