Amidst a landscape marred by economic storms and supply chain tremors, the semiconductor sector stands on the precipice of resurgence. Recent data suggests a radiating glow on the horizon, underpinned by a gradual sales uptrend post a challenging period shadowed by pandemic-induced chaos and monetary rigidity.
The innovation of generative AI has birthed a new era of possibilities across myriad sectors, casting its illuminative light on the semiconductor realm. This technological marvel has ushered in a kingdom of opportunities, propelling demand for chips and bolstering semiconductor sales.
The Path to Picking Winners
Amidst a labyrinth of contenders, discerning promising tech stocks poised to surpass earnings projections might seem akin to navigating a complex labyrinth. However, utilizing our unique approach can simplify this task.
You can sift through the noise by focusing on stocks boasting a promising fusion of two crucial ingredients – a favorable Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold).
This powerful blend has proven to tilt the odds in favor of earning surprises, with success rates hitting lofty levels of 70% according to our findings.
4 Semiconductor Gems Aligning for Success
Advanced Micro Devices, Inc. AMD is bracing to unveil its first-quarter results on Apr 30. Sporting a Zacks Rank #2 and an Earnings ESP of +28.33%, the stock exudes promise. The estimated revenue stands at $5.42 million, indicating a 1.2% uptick from the year-ago quarter.
Advanced Micro Devices, Inc. Price and EPS Surprise
Skyworks Solutions, Inc. SWKS is slated to disclose its second-quarter fiscal 2024 results on Apr 30, with a Zacks Rank #3 and a 0.73% Earnings ESP holding up its fort.
Skyworks Solutions, Inc. Price and EPS Surprise
Applied Materials, Inc. AMAT anticipates unveiling its second-quarter fiscal 2024 results on May 16, showcasing a Zacks Rank #2 and an Earnings ESP of +0.31% in its arsenal.
Applied Materials, Inc. Price and EPS Surprise
NVIDIA Corporation NVDA is scheduled to reveal its first-quarter fiscal 2025 results on May 22, touting a Zacks Rank #2 and an Earnings ESP of +2.50%.
NVIDIA Corporation Price and EPS Surprise
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