Skip to main content

Semiconductors Watchlist: AMD, Nvidia Surge in Trading

Semiconductor stocks surged Tuesday. See buy or sell recommendations for Nvidia, AMD, Qualcomm, Broadcom, Taiwan Semiconductor and more.

The tech-heavy Nasdaq was rising Tuesday and semiconductor stocks continued to march higher as the Dow Jones is up over 200 points and the S&P 500 was up over 70 points. The Nasdaq bounced back from Monday's selloff and was up over 500 points or 4% on Tuesday.

For more in-depth coverage of the semiconductor sector including trading recommendations and investment strategies, follow Eric Jhonsa on Real Money.

Here is a list of the semiconductor stocks to watch and their performance by percentage change at the close of trading on Tuesday:

Advanced Micro Devices | Increased +6.18%

Advanced Micro Devices  (AMD)  launched a new gaming card, the Radeon RX 6700 XT graphics card, this past week that will be available starting on March 18.

TheStreet Quant Ratings rates AMD as a Buy with a rating score of B.

Nvidia | Increased +8.00% 

Nvidia's price target was raised by analysts from Wedbush and J.P. Morgan after earnings topped estimates in late February. Shares of Nvidia  (NVDA)  have declined 14% since the chipmaker beat earnings forecasts.

TheStreet Quant Ratings rates Nvidia as a Buy with a rating score of B.

Micron Technology | Increased +5.00%

Micron Technology  (MU)  lifted its earnings estimates this past week, but the stock has remained flat in trading.

TheStreet Quant Ratings rates Micron as a Hold with a rating score of C+.

NXP Semiconductors | Increased +7.50% 

Jim Cramer blamed NXP Semiconductors  (NXPI)  for causing the biggest problem in the industry's chip shortage.

TheStreet Quant Ratings rates NXP Semiconductors as a Buy with a rating score of B-.

Scroll to Continue

TheStreet Recommends

Qualcomm | Increased +4.80% 

Qualcomm  (QCOM)  has dropped more than 22% since its highs in early February and has fallen 13% year to date. Could this be a time to buy the dip in Qualcomm?

TheStreet Quant Ratings rates Qualcomm as a Buy with a rating score of A-.

Intel Corp | Increased +4.71%

This past week it was announced that Intel  (INTC)  sold nearly a billion processors that infringe two patents, a judge ruled. The jury assessed the chip giant $2.18 billion for damages.

TheStreet Quant Ratings rates Intel as a Buy with a rating score of B+.

Taiwan Semiconductor | Increased +2.15% 

Taiwan Semiconductor Manufacturing  (TSM)  was included as one of the top tech stocks to buy for the Biden presidency after it built a massive factory in Arizona. Shares of Taiwan Semiconductor have risen about 4% year to date.

TheStreet Quant Ratings rates TSM as a Buy with a rating score of A+.

Broadcom | Increased +5.31%

TheStreet looked at the charts of Broadcom  (AVGO)  and assessed whether the semiconductor stock was a buying opportunity.

TheStreet Quant Ratings rates Broadcom as a Buy with a rating score of A.

Texas Instruments | Increased +5.09%

Texas Instruments beat its fourth-quarter earnings estimates back in late January but has been trading relatively flat since its report. Shares of Texas Instruments  (TXN)  have risen 3.7% year to date.

TheStreet Quant Ratings rates Texas Instruments as a Buy with a rating score of A.

AMD, Broadcom and Nvidia are key holdings in Jim Cramer's Action Alerts PLUS charitable trust. Want to be alerted before Jim Cramer buys or sells any stock? Learn more from Cramer and his membership team now.