Companies that primarily specialize in microprocessor and semiconductor manufacturing are experiencing a small resurgence in the stock market. After a volatile period, big names like Intel, Qualcomm, and Micron are now climbing their way back up.
If you have been considering investment in the tech industry but have waited for an upwards trajectory, then now could be the time to invest in one or more of the following stocks.
Intel microprocessor (NASDAQ: INTC)
Intel has lost value this year, with many investors selling and moving their money to rival AMD. As AMD starts to lose its momentum, both seasoned and casual investors are now starting to consider Intel again. Stock has turned a corner after three difficult months, with 5.25% growth in the last five days, and 3.55% growth after trading on Tuesday. Intel is likely to regain its value over the next six months, so buying before the peak would be the smartest move.
Qualcomm microprocessor (NASDAQ: QCOM)
Qualcomm is the leading chip manufacturer for smartphones and mobile devices, and has lucrative supply relationships with companies like Samsung, LG, and Apple. Recent stock prices have not always reflected the company’s market presence or its stable business model and future potential. Still a sub-$100 stock purchase, Qualcomm is a compelling investment. With 41.17% growth in the last year, and 1.03% growth at the end of Tuesday trading, this is still one of the best tech stocks to buy.
On Semiconductor Corp (NASDAQ: ON)
On Semiconductor is down -1.73% for the last 12 months. This stock has struggled to attract investors in 2018. Particularly vulnerable to tariffs, stock has suffered from tense relations between China and the U.S. this year. However, investment is still a compelling option, particularly if you are looking for a bargain priced stock. Confidence is starting to grow this week with 1.85% gained on Tuesday.
Micron (NASDAQ: MU) – Micron is starting to undo its 3-Month stock price loss of -11.11%. Value in this stock has increased 3.18% in the last five days and went up a significant 1.35% by the end of Tuesday’s market closure. Micron is a major worldwide memory supplier with a significant market share and plenty of revenue potential.
The semiconductor and microprocessor manufacturing industries are popular with today’s investors. These stocks belong to companies that are leaders in innovation and market share, and their products are found in all aspects of the modern world. Although the industry can be volatile, a well-timed investment in rising stocks could allow you to catch a bargain while strengthening your portfolio.
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