Rebound Electronics Market Insights Q2 2024 - Flipbook - Page 11
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General Market Insight
Semiconductor Industry Stocks
Semiconductor Industry Overview (April 3 June 2024)
Source: TC2000, June 2024
Billions
Top 10 Semiconductor Companies by Market Capitalization
$3,500
$3,300
$3,000
$2,500
$2,000
$1,500
$910
$1,000
$812
$500
$261
$240
$175
$165
$159
$130
$114
Arm Holdings
plc
Micron
Technology
Inc.
Intel Corp
Analog Devices
Inc.
$0
NVIDIA
Corporation
TSMC
Broadcom Inc.
Advanced Qualcomm Inc.
Texas
Micro Devices
Instruments
Inc.
Source: TC2000, June 2024
3 Top Semiconductor Stocks to Buy in June 2024
The semiconductor sector has shown strong performance, with the iShares Semiconductor ETF (SOXX) outpacing
the S&P 500 and Nasdaq Composite, boasting a 295% gain over five years and 32% year-to-date. Nvidia (NVDA)
leads the pack, with its stock surging 153% this year and an impressive 3,000% over five years, driven by substantial
revenue and net income growth. Synopsys (SNPS) also stands out, with a 15% year-to-date increase and robust
financials, set to benefit further from its upcoming acquisition of Ansys. Qualcomm (QCOM) offers growth at a
reasonable price, with a 49% rise this year and promising financial metrics ahead of its Snapdragon X platform
launch.
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