The Best Semiconductor Stocks of 2023
🌟🌟🌟Semiconductors are an important component of all modern electronic devices and very much in demand due to the growth in Artificial Intelligence.
Here are the Best Semiconductor Stocks of 2023:
Is up a massive 231% year todate due to its strong advantage in producing AI chips. Nvidia produces the H100 AI chip which is used in AI machine learning. It has also unveiled the H200 which is its newest high end chip for training AI models.
Interest in Nvidia's AI Graphics Processing Units has supercharged Nvidia with sales expected to surge 170% this quarter and in the years to come.
Share price has jumped 10% last week when it unveiled the Instinct MI300X accelerator and the Instinct MI300A accelerated processing unit which AMD said works to train and run Large Language Models. AMD wants people to know that Nvidia is not the only company selling AI chips. AMD's share price is up 101% year todate.
Another powerful Semiconductor company is $Taiwan Semiconductor Manufacturing(TSM)$
Which makes 90% of the world's advanced chips, powering everything including iPhones, AI, Electric Vehicles. Nvidia and AMD are TSMC's customers too.
TSMC 's share price is up 35% year todate.
Yet another Semiconductor company that ha done well is $Intel(INTC)$
Its share price is up 59% year todate.
Intel is one of the world' s largest semiconductor chip manufacturers by revenue. The US Chips and Science Act enacted in August 9 2022 provides USD 280 billion in new funding to boost domestic research and manufacturing of semiconductors in the US. Powered by this Chips Act, Intel is investing more than USD 100 billion to increase domestic chip manufacturing capacity and capabilities. Intel is expanding its manufacturing sites in Arizona, New Mexico, Oregon and Ohio over the next 5 years. In time to come, Intel may gain prominence in its role in producing the latest chips to compete with Nvidia and AMD.
In the short term, $Semiconductor Bull 3X Shares(SOXL)$
can provide a turbo charged return to investments in semiconductor stocks with 3x daily exposure to a modified market cap weighted index of 30 US listed semiconductor companies.
SOXL is up 10% today and a 20% jump in the past 5 days. SOXL is up a massive 178% in the past 5 days.
However it is not advisable to hold SOXL on a long term basis as leveraged ETFs decay due to the compounding effects of daily returns, volatility of the market and the cost of leverage. This means that losses can be magnified over time. SOXL also has a high expense ratio of 0.94%.
The rapid rise of AI is like the modern day gold rush. The strong momentum and need for data centres, EVs, automation and Robotics will continue to power the semiconductor stocks to new heights in the years to come. It is wise to include these semiconductor stocks in our portfolio as they grow exponentially in the future.
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The race for semiconductor supremacy is on! With NVDA, AMD, and Intel all making big moves, it's anyone's game.
AMD's definitely giving Nvidia a run for their money! It's great to see competition driving innovation.
Who do you think will come out on top in this highly competitive market? Can't wait to see!