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:

$NVIDIA Corp(NVDA)$ 

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. 

$Advanced Micro Devices(AMD)$ 

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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# 💰 Stocks to watch today?(06 Nov)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • LeilaLynch
    ·2023-12-12
    TOP

    The race for semiconductor supremacy is on! With NVDA, AMD, and Intel all making big moves, it's anyone's game.

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    • koolgal
      We certainly live in exciting times!
      2023-12-12
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    • koolgal
      Semiconductors are like the picks and shovels of AI.
      2023-12-12
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    • koolgal
      Yes it's game on as the race for AI supremacy gains foothold.
      2023-12-12
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  • CrystalRose
    ·2023-12-12
    TOP

    AMD's definitely giving Nvidia a run for their money! It's great to see competition driving innovation.

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    • koolgal
      Let's see who will be the ultimate winner in the long run.
      2023-12-12
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    • koolgal
      Yes there is  nothing like a competition to bring out the best in the semiconductor industry.
      2023-12-12
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  • CatherineGunter
    ·2023-12-12
    TOP

    Who do you think will come out on top in this highly competitive market? Can't wait to see!

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    • koolgal
      AMD is providing a cheaper  alternative to Nvidia's AI chips.
      2023-12-12
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    • koolgal
      It is much harder to stay on top than it is to race to the top.
      2023-12-12
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    • koolgal
      However it is not resting on its laurels.
      2023-12-12
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  • 三千万到手
    ·2023-12-13
    要求不高,AMD突破145就好[财迷][财迷]
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  • Taurus Pink
    ·2023-12-12
    [暗中观察] [暗中观察]
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    • koolgal
      Thanks my friend 😍😍😍
      2023-12-12
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  • Kc48
    ·2023-12-12
    Interesting article
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    • koolgal
      Thanks 😍😍😍
      2023-12-12
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  • AuntieAaA
    ·2023-12-12
    GOOD
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    • koolgal
      Thanks 😍😍😍
      2023-12-13
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  • YueShan
    ·2023-12-12
    Good⭐️⭐️⭐️
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    • koolgal
      Thanks😍😍😍
      2023-12-12
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  • KSR
    ·2023-12-12
    👍
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    • koolgal
      Thanks 😍😍😍
      2023-12-12
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