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2 Semiconductor Stocks To Watch In November 2023

Semiconductor stocks to watch in the stock market now.

semiconductor stocks

The semiconductor sector is a vital component of the global tech industry. It includes companies that design and manufacture semiconductors, a key element in electronic devices. These tiny chips are the brains of modern electronics, from smartphones to electric cars. This sector is known for its innovation and rapid growth, driven by constant technological advancements.

Investing in semiconductor stocks offers the potential for significant growth. However, it comes with volatility due to market and technology shifts. Investors should be aware of factors like global supply chains, innovation cycles, and consumer demand. These can greatly affect stock prices. Companies in this sector range from established giants to emerging innovators, each offering different investment profiles.

For those looking to invest, a balanced approach is crucial. Consider the company’s market position, technology, and financial health. It’s also important to stay informed on industry trends and global economic conditions. These can have a big impact on the sector’s performance. Given this, here are two semiconductor stocks to check out in the stock market this week.

Semiconductor Stocks To Buy [Or Avoid] Now

Advanced Micro Devices (AMD Stock)

Advanced Micro Devices, Inc. (AMD) is a multinational semiconductor company known for its high-performance computing, graphics, and visualization technologies. AMD’s products include microprocessors, motherboard chipsets, embedded processors, and graphics processors for servers, workstations, personal computers, and embedded system applications.

At the end of October, AMD announced a beat for its third quarter 2023 earnings results. Diving in, the company notched in an EPS of $0.72, with revenue of $5.80 billion. This came in higher than analysts’ consensus estimates for the quarter which were earnings of $0.68 per share, and revenue of $5.40 billion. In addition, revenue grew by 4.22% versus the same period, the prior year.

In the last month of trading, AMD stock has risen by 10.39%. Meanwhile, during Wednesday’s afternoon trading session, shares of Advanced Micro Devices stock are trading down on the day by 1.98% at $117.52 a share.

[Read More] Best Dow Jones Stocks To Buy Today? 2 In Focus

Intel Corporation (INTC Stock)

Next, Intel Corporation (INTC) is a global technology company, known for its central role in the development of microprocessors. The company designs and manufactures a broad range of products that power a vast array of computing devices. From personal computers and servers to cloud infrastructure and Internet of Things (IoT) technologies.

Just last month, Intel also reported better-than-expected third-quarter 2023 financial results. In detail, Intel announced Q3 2023 earnings of $0.44 per share, with revenue of $14.16 billion. This is compared to Wall Street’s estimates which were an EPS of $0.19, along with revenue estimates of $13.48 billion.

Looking at the past month of trading action, shares of Intel have gained by 11.43%. While, during Wednesday’s power hour trading session, shares of INTC stock are up 3.38%, trading at $40.74 a share.

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By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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