The best semiconductor stock can be determined by considering various factors such as financial performance, market position, growth prospects, and recent news. Here are the top performers:
- Nvidia Corp. (NVDA): Nvidia is a leader in the semiconductor industry, known for its GPUs used in AI and cryptocurrency mining. It has a strong one-year performance with a return of 90.4%1.
- Advanced Micro Devices Inc. (AMD): AMD is another top performer with a one-year return of 77.22%1. It is known for its CPU and GPU production.
- Broadcom Inc. (AVGO): Broadcom supplies networking chips for AI servers and has a high dividend yield of 1.7%. It has a one-year return of 97.9%12.
- Qualcomm Inc. (QCOM): Qualcomm is a leading wireless device maker and has a solid dividend yield of 1.9%. It has a one-year return of 59.5%13.
- Monolithic Power Systems Inc. (MPWR): This company has a solid one-year return of 6.6%1.
These stocks are not only performing well but also have unique positions within the semiconductor industry, which could be beneficial for investors looking for diversified exposure. However, it's important to note that past performance is not indicative of future results, and investors should conduct their own research and consider their risk tolerance before making investment decisions.
7/15/2024 01:13am
