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Cheap Stocks To Buy Now? 2 Semiconductor Stocks To Watch

Semiconductor stocks to watch in March 2024.

cheap stocks to buy now semiconductor stocks

The semiconductor sector is integral to the modern digital economy, driving advancements in computing, telecommunications, healthcare, and automotive industries, among others. Semiconductors, or chips, are the brains behind electronic devices, powering everything from smartphones to advanced medical equipment. This sector is characterized by rapid innovation and intense competition. Companies continually push the boundaries of technology. As global demand for electronic devices grows, the semiconductor industry’s importance and influence are expected to expand.

Investing in semiconductor stocks offers the potential for significant growth, given the sector’s critical role in technological progress. Companies range from manufacturers of the chips themselves to equipment suppliers and IP licensors, providing a broad spectrum of investment opportunities. However, the sector is known for its cyclicity, with periods of high demand followed by oversupply, affecting stock performance. Furthermore, semiconductor manufacturing requires substantial capital investment and is subject to complex geopolitical factors, adding layers of risk.

For investors, semiconductor stocks can be a way to gain exposure to the forefront of technology and innovation. Diversification within the sector can help mitigate risks related to cyclical demand and supply chain vulnerabilities. Investors need to conduct thorough research, understanding the unique challenges and opportunities each company faces within the semiconductor landscape. That said, here are two semiconductor stocks to watch in the stock market this week.

Semiconductor Stocks To Watch Now

Advanced Micro Devices (AMD Stock)

Leading off. Advanced Micro Devices Inc. (AMD) is a global semiconductor company that designs and produces microprocessors for the computer and consumer electronics industries. In addition, AMD is popular for its contributions to the computing market. Particularly in CPUs and GPUs. The company competes in key technology sectors, including gaming consoles, servers, and personal computers.

Just this month, AMD announced its latest addition to its FPGA portfolio, the AMD Spartan™ UltraScale+™ family, designed for cost-sensitive edge applications. This new series stands out for its high I/O counts, energy efficiency, and advanced security features, targeting a variety of sectors including embedded vision, healthcare, industrial networking, robotics, and video applications.

Year-to-date, shares of AMD stock have increased by 43.86% so far. Meanwhile, during Monday morning’s trading session, Advanced Micro Devices stock opened lower by 3.55%, currently trading at $200.02 a share.

Texas Instruments (TXN Stock)

Second, Texas Instruments Incorporated (TXN) is a technology company that designs and manufactures semiconductors and various integrated circuits. Additionally, it supplies to electronics designers and manufacturers globally. Its products focus on a wide range of applications, from advanced automotive systems to consumer electronics and industrial solutions.

In late January, Texas Instrument reports its Q4 2023 financial results. Diving in, the company notched in Q4 2023 earnings of $1.49 per share, with revenue of $4.08 billion. This is versus Wall Street’s estimates for the quarter which were an EPS of $1.46 per share, with revenue estimates of $3.75 billion.

In 2024, Texas Instrument stock is up 2.22% year-to-date. While, during Monday’s early morning trading action, shares of TXN stock opened up 0.53, trading at $173.21 a share.

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By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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