To The Moon

🌟🌟🌟$NVIDIA Corp(NVDA)$  surpassed Google this Thursday in market value just a day after zooming past Amazon,becoming the 3rd most valued company in the world.  Now Nvidia's market value is only behind Apple and Microsoft.

Nvidia is due to report its Q423 earnings report on February 21 2024.  Nvidia is currently up 2.4% today and a huge 53% year todate.  Last year, Nvidia was the best performer among the Magnificent 7 as its share price has jumped a massive 224%.

Nvidia is the market leader in the high end AI Chip market as it controls 80% of this sector.  Customers face shortages of Nvidia 's top of the line components while AI developers face months long waiting lists to use its processors through cloud computing providers.

UBS has just increased Nvidia' s price prediction to USD 850 today ahead of Nvidia's earnings report.

Nvidia 's closest competitor is $Advanced Micro Devices(AMD)$  which is up 4% today and 28% year todate. In 2023, AMD' s share price has sky rocketed 109%.  AMD competes with Intel in making central processing units or CPUs for personal computers and servers.   AMD is now focused on making chips for AI applications to compete with Nvidia.  On December 6 last year, AMD launched its Instinct MI300 accelerators and processors for data centres to compete with Nvidia 's H100 series devices.

According to Tipranks AMD  has a consensus rating of Strong Buy, Target price of USD 194.94, an upside potential of 13%.

$Intel(INTC)$  is also up 2.4% today but is down 7.5% year todate.  However in 2023, Intel has jumped 53%.  In January 2024, Intel 4Q23 earnings beat analysts expectations with earnings at USD 2.7 billion or 64 cents per share.  Its revenue grew to USD 15.4 billion.  However Intel's forecast was dour as it expects its 1Q24 revenue of USD 12.2 billion to USD 13.2 billion.

Intel is a beneficiary of the US Chips Act  which includes a USD 39 billion in subsidies for chip manufacturing on US soil along with 25% investment tax credits for costs of manufacturing equipment and USD 13 billion for semiconductor research and workforce training.

Intel is building 2 new factories in Ohio worth USD 100 billion over the next decade, making it one of the world 's largest Semiconductor manufacturing sites.

Intel has  a Buy rating with  a Target price of USD 68.00.

$Taiwan Semiconductor Manufacturing(TSM)$  is up 1.35% today and has jumped 27% year todate.  In 2023 TSMC share price is up 39%.

TSMC has benefited from rising demand from the AI industry and its competitive edge in 3 nanometer process technology used for high performance computing.  TSMC counts Apple, Nvidia and Qualcomm among its customers.  TSMC reported a 7.9% rise in January revenue from previous year, reversing course from a 8.4% fall in December.

Sentiment for chip stocks is rising globally.   Arm Holdings, a British chip design company has seen its stock advance 68% this year.

A good way to capture the uptrend in the semiconductor rally is to buy $Semiconductor Bull 3X Shares(SOXL)$  which seek daily investment results of 300% of the performance of the NYSE Semiconductor Index.  It is up 6% today and has jumped 39% year todate.  Last year it skyrocketed 123%.  However it is not suitable for long term hold due to its compounding nature.  The expense ratio is 0.94%.  SOXL is a lot simpler than trading options which are a lot more complex in nature.

Semiconductors form the backbone of the Global Tech industry as they are the basic components that power computers, smartphones, the Internet and now AI.

Investing in semiconductor stocks is a great way to boost your portfolio.   Nvidia, AMD, TSMC and Intel are the best semiconductor stocks to buy currently as they have lots of exponential growth ahead.  It's time to take action before their share prices go up further. 

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