MU - 3 Semiconductor Stocks That Could Go Parabolic
2024-07-20 04:10:00 ET
Many semiconductor stocks rallied over the past year as the explosive growth of the artificial intelligence (AI) market drove many companies to upgrade their data center chips. But with the market hovering near its record highs, investors might be reluctant to add some of these high-flying stocks to their portfolios.
However, the market leaders that have clear competitive advantages, staying power, and wide moats should continue to soar higher over the long term. I believe three of those resilient chip stocks -- ASML (NASDAQ: ASML) , Broadcom (NASDAQ: AVGO) , and Micron (NASDAQ: MU) -- are still great plays for growth-oriented investors.
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3 Semiconductor Stocks That Could Go Parabolic