Stocks Have Not Hit New Highs: Upside Potential or Continue to Lag Behind?

Recently, semiconductor and AI companies have been continually reaching new highs driven by $NVIDIA Corp(NVDA)$. However, some companies have not kept up with the recent strong rally.

Is it a good time to buy these companies now, or will they continue to decline?

1. $Western Digital(WDC)$ designs, manufactures, and sells data storage devices.

The semi company reported better-than-expected earnings and revenue in April. With over 40% rise in 2024, WDC is still 30% away from the previous high of $114.

2. Has $Advanced Micro Devices(AMD)$ correction ended or not?

AMD has been highly controversial this year. The company launched the new AI chip MI300X, aiming to rival the H100 chip.

However, the market believes that the majority of market share will still be held by Nvidia. Nevertheless, AMD has rebounded 10% from its May low.

3. $First Solar(FSLR)$, a global solar energy solutions provider, serves as the infrastructure of AI.

The solar company will benefit from the trend just like electricity company. But the stock is 10% away from the high point of $317 in 2008.

4. $Marvell Technology(MRVL)$ specializes in semiconductor solutions for data infrastructure.

It's set to release results on Thursday after the bell. The chip company lost 11% after last earnings.

5. $ASML Holding NV(ASML)$ is a key supplier of photolithography equipment for semiconductor manufacturing.

The equipment provider dropped 10% as sales missed expectations in its latest earnings. But the stock rebounds since then and is only 6% away from the previous high.

DELL -20%! Is AIPC Dead?

DELL's revenue exceeded expectations, but adjusted operating profit fell short. Adjusted operating profit was $1.47 billion, while analysts expected $1.48 billion. ---------------- DELL is plummeting! Will we sell or hold? Is the AIPC concept dead?

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