Are these the top semiconductor stocks to invest in today?
Even with inflation concerns, many would agree that semiconductor stocks remain relevant to the stock market today. After all, semiconductor chips are essentially the brains of much of the technology around us today. Not to mention, there is also the continued global shortage of semiconductor chips. Flavors that remain in demand in the consumer and professional markets. As such, at a time when semiconductor stocks continue to rebound from year-to-date losses, investors may turn to the industry.
For one thing, some of the biggest names in space aren’t sitting idly by in the middle of it all, either. Take Semiconductor manufacturing in Taiwan (NYSE:TSM) for example. The company released its monthly earnings report yesterday. For the month, TSM reported revenue of approximately $5.18 billion. That would represent a massive 37.9% year-over-year increase for the company. Year-to-date, TSM has seen a 36.8% year-over-year increase in overall revenue so far. While this is all great, the company doesn’t plan to slow down in the slightest on the operational side. As it stands, TSM plans to invest up to $44 billion to expand manufacturing capacity and its workforce.
Similarly, other semiconductor companies like Qualcomm (NASDAQ: QCOM) continue to work hard to expand their portfolios. Namely, Qualcomm is currently working with Chinese phone company ZTE on end-to-end 5G time-sensitive networking (TSN) solutions for power grids. According to John Smee, senior vice president of engineering at Qualcomm, open 5G TSN ecosystems such as this continue to benefit the industry. Overall, semiconductor chips are in more demand than ever, and chipmakers are upping their game accordingly. Could that make one of these semiconductor stocks the top pick in the stock market now?
Semiconductor stocks to buy [Or Sell] In March 2022
Advanced Micro Devices Inc.
Starting today, we have Advanced micro-systems, a semiconductor company that has been at the forefront of innovation in high-performance computing, graphics and visualization technologies. In fact, its products are used by billions of people around the world. Earlier in the week, the company announced the availability of its new AMD Radeon PRO W6600X GPU for the Mac Pro.
In detail, it is developed to help professional users push the boundaries of what is possible. Built on the award-winning AMD RDNA™ 2 architecture, AMD Infinity Cache™ and other advanced technologies, the new GPU delivers stunning visuals and outstanding performance to power a variety of today’s popular professional applications and workloads today. “The AMD Radeon PRO W6600X GPU complements the AMD Radeon PRO W6000X product family, providing a mid-range solution with excellent performance for creating graphics-rich content.” said Scott Herkelman, senior vice president and general manager, Graphics Business Unit at AMD. “AMD is proud to offer Mac Pro users a comprehensive portfolio of powerful graphics solutions with stunning performance to meet all of their creative design and content creation needs.”
Last month, the company also announced the expansion of from Amazon (NASDAQ: AMZN) AWS. Dive into AMD EPYC processor-based offerings with the general availability of compute-optimized Amazon EC2 C6a instances. According to AWS, C6a instances deliver up to 15% better compute price performance than previous generation c5a instances for a variety of compute-focused workloads. Given this news, are AMD stocks worth investing in?
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Nvidia is a technology company that has essentially redefined modern computer graphics and revolutionized parallel computing. Additionally, the company has made huge strides in the field of artificial intelligence (AI) through its GPU deep learning. He hopes to usher in the next era of computing, with the GPU acting as the brains of computers, robots and self-driving cars. The company will hold its Nvidia Investor Day on March 22, 2022.
On February 16, 2022, the company announced its fourth quarter and fiscal year 2022 financial results. First, it posted record quarterly revenue of $7.64 billion, up 53% from the previous year. Its gaming, data center and professional visualization marketplace platforms each achieved record revenue for the quarter and year. Second, the company also posted GAAP earnings per diluted share of $1.18 for the quarter, more than doubling from a year ago. Nvidia says it continues to see exceptional demand for its Nvidia computing platforms. It also propels advancements in AI, computational biology, climate science, games, and autonomous vehicles, among others.
Recently, it announced that, for the 14and consecutive year, every Academy Award nominee for Best Visual Effects has used Nvidia technologies. They include names like Dune and blockbusters like Spider-man: No Way Home. All things considered, is NVDA stock one of the top semiconductor stocks to add to your portfolio right now?
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Marvell Technology Inc.
Another major player in the semiconductor industry to be aware of now would be Marvell Technology. Essentially, the company specializes in manufacturing chips that are used to move, store, process and secure data. With semiconductors from Marvell, organizations across a wide range of industries can move their information efficiently and securely. Some of the company’s primary end markets include enterprise, cloud, automotive, industrial and consumer spaces.
All in all, given that we live in the information age, there would be plenty of use cases for Marvell’s offerings. This is apparent from its latest quarterly earnings update. Last week, the company posted record revenue of $1.34 billion for the quarter. In particular, this marks a solid 68.3% year-over-year jump in revenue. According to CEO Matt Murphy, this is due to continued revenue growth in all five of the company’s end markets.
Despite its current momentum, Marvell continues to expand its offerings. Earlier this week, the company unveiled its first-generation cloud-optimized co-packaged optics (CPO) technology platform. Simply put, the technology serves to enable faster overall connectivity for switches used in cloud data centers. At the same time, Marvell also claims that the CPO platform accomplishes this while reducing power consumption. As Marvell seems to be getting better and better, will you be keeping an eye on MRVL stock?
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