3 Semiconductor Stocks Set to Soar
That’s why we’ve put together a brief overview of 3 semiconductor stocks that are set to soar so you can gain some valuable insight into some of the b…
This story originally appeared on MarketBeat
Although many semiconductor stocks have rallied substantially in 2021, with the way these companies are delivering such strong earnings they could end up looking like bargains at current price levels by the end of the year. Consider the fact that widespread shortages could last well into the next year and help companies in the industry achieve new levels of success. There’s also plenty of demand coming from automotive, industrial, and consumer electronics end markets that should drive profits higher for the top names in the sector this year and beyond.
We’ve already seen a few impressive earnings reports from names like AMD and Lam Research Corporation, and it could only be a matter of time before the entire sector takes off to the upside. That’s why we’ve put together a brief overview of 3 semiconductor stocks that are set to soar so you can gain some valuable insight into some of the best names to add right now. Keep reading below to learn more.
Applied Materials (NASDAQ: AMAT)
Applied MaterialsON Semiconductor Corp (NASDAQ: ON)
ON SemiconductorQualcomm (NASDAQ: QCOM)
QualcommAlthough many semiconductor stocks have rallied substantially in 2021, with the way these companies are delivering such strong earnings they could end up looking like bargains at current price levels by the end of the year. Consider the fact that widespread shortages could last well into the next year and help companies in the industry achieve new levels of success. There’s also plenty of demand coming from automotive, industrial, and consumer electronics end markets that should drive profits higher for the top names in the sector this year and beyond.
We’ve already seen a few impressive earnings reports from names like AMD and Lam Research Corporation, and it could only be a matter of time before the entire sector takes off to the upside. That’s why we’ve put together a brief overview of 3 semiconductor stocks that are set to soar so you can gain some valuable insight into some of the best names to add right now. Keep reading below to learn more.
