Forget NVDA: Watch These 3 Stocks Instead

Last I checked, there was a story on Nvidia (NASDAQ: NVDA) practically every day the market was open, and most days when it wasn’t. Of course, there’s a reason for this, NVDA being as large as it is. Yet that doesn’t mean it’s the best tech stock, or even the best semiconductor stock, to invest in. 

And the same goes for AMD (NASDAQ: AMD), which recently drew attention for its OpenAI deal.

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This, of course, leads one to ask which semiconductor stocks are worth your attention? Our Zen Ratings system has the answers. It carefully reviews 115 factors to determine which stocks show the best potential.

Here are 3 A-rated stocks in the semiconductor industry:

1. Micron Technologies Inc (NASDAQ: MU)

MU is climbing the charts, and you might want to climb right up with it, given that demand is still strong and the stock's momentum remains strong. This is despite MU recently leaving some of its business in China. Profitability is strong, estimates look similarly strong, and AI is driving demand for MU’s chips (and will be for some time to come).

And while one might not want to rely on what some might call an AI bubble forever, MU isn’t driven wholly by AI hype. It works with data centers, and they don’t look to be going anywhere anytime soon.

2. Taiwan Semiconductor Manufacturing Co (NYSE: TSM)

While NDVA makes the headlines, who makes the chips? Often, the answer will be TSM, and business is looking good for them. It has had an excellent run over the last 12 months, the share price rising by 45.03%. And its Component Grades still indicate that momentum is still behind the stock, with an A rating for Momentum and a B in Sentiment.

This is on top of a strong financial record, a foundational place in the market (they supply to far more companies than just NDVA), and demand that doesn’t look to be slowing down anytime soon. With all this in mind, TSM demands the attention of investors looking past the headlines.

3. Qorvo Inc (NASDAQ: QRVO)

Qorvo does much more than just semiconductors, but they can hardly be ignored in the space, and regardless of their exact business breakdown, they can be an excellent option for the right portfolio.

Primarily working in mobile or infrastructure and defense products, Qorvo can be seen as a decent long-term prospect given its industry position and strong Financials Component Score of A (it looks more likely to weather a potential storm should there be ripples from a tech market correction).

And while it might not be having the best year, to the right investor, that just means it’s a potential value pick. 

Of course, there are plenty of other semiconductor stocks for you to review, as well as stocks from other industries. And we have a page for every industry, so you can track stocks and diversify your portfolio as you see fit. 

Whatever you’re looking at, though, you’re going to want all the information you can get, in the way that’s most convenient for you. For that, you should look into WallStreeZen Premium. With it, you’ll get all the fundamental information you need, an unlimited watchlist, and more.

Though perhaps you’re busy and want a more tailored, guided approach to investing. For that, Zen Investor is perfect. With it, you’ll get regular updates and commentary on the market from our own Steve Reitmeister. You’ll also receive access to the Zen Investor model portfolio, with hand-selected stocks for you to consider for your own portfolio.

What to Do Next?

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