Making smart investments often requires you to not follow the crowd. In the semiconductor industry, you can’t follow the crowd any less than buying (NASDAQ: INTC) stock. While Intel is struggling right now, the company’s manufacturing investments still hold a lot of potential and could be the key to the company’s turnaround.
Another neglected semiconductor stock is Qualcomm (NASDAQ: QCOM), which trades at an uninspiring valuation. While Qualcomm’s core smartphone chip business is mature, the company has plenty of long-term growth opportunities in other areas.
If you’ve got $1,000 to invest, want exposure to semiconductor stocks, and are willing to take some risk, Intel and Qualcomm should be on your radar.
Source Fool.com
If you’re looking to invest in the semiconductor industry with $1,000, here are some of the smartest semiconductor stocks to consider:
1. Advanced Micro Devices (AMD): AMD has been gaining market share in the semiconductor industry with its innovative products and strong performance. The company’s Ryzen and EPYC processors have been well-received by consumers and businesses alike.
2. Nvidia (NVDA): Nvidia is a leader in graphics processing units (GPUs) and is well-positioned to benefit from the growth of artificial intelligence, gaming, and data centers. The company’s strong financial performance and diverse product portfolio make it a solid investment choice.
3. Taiwan Semiconductor Manufacturing Company (TSM): TSM is the world’s largest semiconductor manufacturing company and is a key player in the industry. The company’s advanced technology and strong customer base make it a reliable investment option.
4. Intel Corporation (INTC): Intel is a well-established player in the semiconductor industry, known for its high-performance processors and strong market presence. The company’s recent investments in artificial intelligence and data centers make it a promising investment choice.
5. Micron Technology (MU): Micron is a leading provider of memory and storage solutions for a variety of industries, including data centers, smartphones, and automotive. The company’s strong financial performance and growth outlook make it a compelling investment option.
Investing in semiconductor stocks can be a smart choice given the industry’s growth potential and technological advancements. With $1,000, consider diversifying your investment across different semiconductor companies to mitigate risk and maximize potential returns.
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