There is an increased focus on semiconductor stocks even though the global markets are in flux. Intel’s (INTC) announcement that it filed initial public offering (IPO) documents for…
its self-driving car unit Mobileye gave the sector a goose.
These days, there is a lot of competition in the semiconductor industry. To remain relevant and evolve, semiconductor companies have to adapt themselves constantly.
Therefore, the time is ripe to analyze server top-ranking semiconductor stocks. Here are eight names you need to have in your portfolio.
Intel has been a dominant player in the computer market for decades. But Intel has seen its market share steadily decline over the past five years as AMD and Nvidia have grown their businesses.
However, Intel’s Alder Lake chips could finally help the company regain the initiative.
Meanwhile, Intel is generating headlines for spinning off Israeli computer vision company MobileEye, which has developed a series of complex technologies in autonomous driving.
They are continually striving to make mobile movement more accessible and easier. The IPO is highly anticipated because MobileEye has amassed an impressive number of design wins and boasts partnerships with some of the biggest automakers in the world.
In their December press release, Intel announced that they would allow half of MobileEye’s stock to be spun out in 2022. Considering the attractive valuation of MobileEye, INTC stock is set to benefit massively from the move.
Texas Instruments (TXN)
Texas Instruments (NASDAQ:TXN) is a semiconductor manufacturing and design company founded in 1930. They provided calculators, digital signal processors and embedded systems.
Due to the rapidly increasing demand for processors, there is a global shortage of these semiconductor chips. They are integral to nearly every machine, so their scarcity impacts many industries and countries. Therefore, there are concerns the company’s plans might not come to fruition.
On that front, the company has you covered. Texas Instruments plans to set up 300-millimeter chip fabrication plants in Sherman, Texas.
The new plant includes cost-saving measures that will help ease supply chain issues and complement three plants that are already operating; two other units in the city and a third in Utah.
It targets growth in the automotive and industrial sectors, looking to incorporate analog and embedded technology in its products to make them more efficient.
As a technology company, AMD is always looking ahead. In the past few years, we have seen a rapid expansion in graphics cards and other technologies in data centers and at home. The next few years will see these technologies continue to expand. And investors are excited to see where it takes them.
For the full-year fiscal 2022, AMD is forecasted to grow revenues by 31%, finish at approximately $21.5 billion, and have a non-GAAP gross margin of about 51%.
Nvidia’s (NASDAQ:NVDA) GPU technology is considered innovative and groundbreaking.
The company has been able to grow at a rapid pace as a result of its innovative products and services, which have helped it overtake AMD in the GPU market.
Nvidia has also become a major player in AI-related products such as self-driving cars and deep learning.
Perhaps the company’s most exciting venture is its work on the metaverse. NVIDIA Omniverse is a state-of-the-art platform that allows…
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