3 Semiconductor Stocks that Could Explode this Year 💣

Good afternoon, !  

Semiconductor stocks could be overdue for a massive bull run, as sentiment in this industry was very weak in 2023 and the first quarter of 2024.

However, demand could soar again in 2024, and new legislation in the United States will prioritize securing domestic semiconductor manufacturing. This development should be a massive tailwind for US semiconductor companies.

Plenty of smaller US semiconductor companies have been launching multiple innovative offerings, but these developments have gone under the radar. Shares of these smaller US companies could soar this year if semiconductor demand increases and industry sentiment improves.

Shares of the industry giants like Nvidia Corporation [NVDA] and Taiwan Semiconductor [TSM] have already been discovered, and may not have much more room to move. However, some smaller US peers, with market caps below $2 billion, could massively outperform this year.

This note will cover two smaller US semiconductor stocks and provide an update on one of the largest semiconductor companies, which could deliver stellar returns this year.

This industry could be one of the year’s top performers, and US semiconductor companies are expected to lead the charge.

Semiconductor Cycle: Equities Could Rebound

Subscribe to Elite Trade Club Insider to read the rest.