Shay Boloor's top 10 favorite semiconductor companies for 2024

1. $NVIDIA Corp(NVDA)$

• Competitive Advantage:

They're renowned for its graphics processing units (GPUs), which are essential in gaming, professional visualization, data centers, and artificial intelligence. Their pioneering work in GPU-accelerated computing has made them a leader in AI and deep learning technologies. NVIDIA's continuous innovation in chip design, combined with its expansion into AI, autonomous vehicles, and data center solutions, positions it at the forefront of several rapidly growing tech sectors. •

CY24 Revenue Estimates: $89.7B

• CY24 Growth Estimates: 52%

2. $Advanced Micro Devices(AMD)$

• Competitive Advantage: They specialize in CPUs and GPUs, competing directly with Intel and NVIDIA. Their Ryzen and Epyc series of processors have gained significant market share in both consumer and enterprise sectors, challenging Intel's dominance. AMD's acquisition of Xilinx enhances its capabilities in the field of programmable chips, expanding its reach in data centers, AI, and 5G technologies.

• CY24 Revenue Estimates: $26.5B

• CY24 Growth Estimates: 17%

3. $Aehr Test(AEHR)$

• Competitive Advantage: They specialize in test and burn-in equipment for semiconductor devices. Their products are crucial for ensuring the reliability and quality of advanced semiconductors, serving industries ranging from automotive to consumer electronics. Aehr's technology is pivotal in the testing phase of semiconductor manufacturing, addressing the increasing demand for high-performance, reliable semiconductor components.

• CY24 Revenue Estimates: $131M

• CY24 Growth Estimates: 33%

4. $Applied Materials(AMAT)$

• Competitive Advantage: They're the leading supplier of equipment, services, and software for the semiconductor, display, and solar photovoltaic industries. Their technology is essential for the manufacturing of advanced semiconductors and displays, making them a key player in the development of next-generation electronic devices.

• CY24 Revenue Estimates: $26.7B

• CY24 Growth Estimates: 2%

5. $Lam Research(LRCX)$

• Competitive Advantage: They focus on semiconductor equipment used in wafer fabrication. Their expertise in etching and deposition processes is vital for creating complex multi-layered semiconductor devices. Lam Research's continuous innovation in process control and chip architecture plays a significant role in advancing semiconductor technology.

• CY24 Revenue Estimates: $15.8B

• CY24 Growth Estimates: 11%

6. $ASML Holding NV(ASML)$

• Competitive Advantage: They're the only producer of extreme ultraviolet (EUV) lithography machines, which are crucial for manufacturing the most advanced semiconductors. Their unique position in the market and the critical nature of their technology for chip miniaturization places ASML at a strategic point in the semiconductor manufacturing industry.

• CY24 Revenue Estimates: $27.5B

• CY24 Growth Estimates: 1%

7. $KLAC (KLA Corporation)

• Competitive Advantage: They specialize in process control and yield management solutions for the semiconductor and related nanoelectronics industries. Their equipment and services are crucial for ensuring the quality and efficiency of semiconductor manufacturing processes, making them a key partner for chipmakers aiming to optimize production and reduce defects.

• CY24 Revenue Estimates: $10.1B

• CY24 Growth Estimates: 5%

8. $Broadcom(AVGO)$

• Competitive Advantage: They design, develops, and supplies a broad range of semiconductor and infrastructure software solutions. Their strength lies in their diverse product portfolio, including data center networking, broadband, wireless, storage, and industrial solutions, catering to a wide array of market needs.

• CY24 Revenue Estimates: $51.3B

• CY24 Growth Estimates: 11%

9. $INDI (Indie Semiconductor)

• Competitive Advantage: Focuses on providing next-generation semiconductor solutions tailored to the automotive industry. Their expertise in creating integrated circuits and software for advanced driver assistance systems (ADAS), connectivity, and electrification differentiates them in the fast-evolving automotive tech space.

• CY24 Revenue Estimates: $344M

• CY24 Growth Estimates: 52%

10. $CDNS (Cadence Design Systems)

• Competitive Advantage: They're a leader in electronic design automation (EDA) software and engineering services used to design and test integrated circuits and electronic devices. Their software tools are essential for the development of modern electronics, from chips to boards and systems, playing a critical role in the design and production of electronic products across various industries.

• CY24 Revenue Estimates: $4.6B

• CY24 Growth Estimates: 12%

@StockSavvyShay

Source:https://twitter.com/StockSavvyShay/status/1731321413620093409