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.
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%
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%
TheStreet Quant Ratings rates Micron as a Hold with a rating score of C+.
NXP Semiconductors | Increased +7.50%
TheStreet Quant Ratings rates NXP Semiconductors as a Buy with a rating score of B-.
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%
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 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.
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