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3 Stocks to Play the Semiconductor-General Industry Strength

Continued strength in demand and improvement on the supply side makes it safe to bet on the Semiconductor - General Industry. NVDA, STM and DINRF are...

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This story originally appeared on Zacks

Companies in the Semiconductor – General industry are at the forefront of the ongoing technological revolution based on HPC, AI, automated driving, IoT and so on. These semiconductors also enable the cloud to function and help analyze the data into actionable insights that can be used by companies to operate more efficiently. 

 

If anything, the pandemic has strengthened the conviction that these technological changes are required and inevitable, because it is these technology platforms that enabled us to function when it was unsafe for us to go to work or meet people. Even with the opening up of the economy, the race to digitization, cloud, AI, etc. is expected to continue at an accelerated rate, driving strong demand for semiconductors.

 

NVIDIA has pioneered and built a whole lot of this cutting-edge technology, so it remains a top recommendation. STMicroelectronics and Screen Holdings are seeing some momentum now.



- Zacks

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs Now >>



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

STMicroelectronics N.V. (STM): Free Stock Analysis Report

 

NVIDIA Corporation (NVDA): Free Stock Analysis Report

 

Screen Holdings Co., Ltd (DINRF): Free Stock Analysis Report

 

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Zacks Investment Research