The semiconductor industry is considered to be an important industry and this industry is so great that most advanced nations aimed to be competitive in at least some aspect of this critical industry. Advanced semiconductors create better products that lead to great demands in this industry. The semiconductor industry has continued to maintain its global leadership position in semiconductor technologies essential for the future.
The new emerging trends and new technologies including artificial intelligence (AI), quantum computing, and advanced wireless networks such as 5G are continuously evolving. Here are the companies which are following new trends and adopting new technologies to compete in the market:
Advanced Micro Devices Inc. (NASDAQ: AMD)
Advanced Micro Devices Inc. (NASDAQ: AMD) shares were trading up 1.83% at $79.48 at the time of writing on Monday. Advanced Micro Devices Inc. (NASDAQ: AMD) share price went from a low point around $27.43 to briefly over $94.28 in the past 52 weeks, though shares have since pulled back to $79.48. AMD market cap has remained high, hitting $90.64B at the time of writing, giving it a price-to-sales ratio of more than 10.
Advanced Micro Devices Inc. revealed that it has launched the first AMD Ryzen™ mobile processors and latest AMD Athlon™ mobile processors for Chromebook platforms, with up to 178% faster web browsing compared to the previous generation. If we look at the recent analyst rating AMD, Northland Capital downgraded coverage on AMD shares with a market perform rating and a $78.49 price target, which implies room for -0.99% downside momentum this year.
NVIDIA Corporation (NASDAQ: NVDA)
NVIDIA Corporation (NASDAQ: NVDA) shares headed rising, higher as much as 1.25%. The most recent rating by Needham, on September 15, 2020, is at a Buy. NVIDIA Corporation (NVDA) and VMware Inc on Tuesday disclosed an effort to make VMware’s software for managing data centers work better with Nvidia’s artificial intelligence (AI) chips. If we look at its liquidity, it has a current ratio of 6.10.
Marvell Technology Group Ltd. (NASDAQ: MRVL)
Marvell Technology Group Ltd. (NASDAQ: MRVL) last closed at $39.89, in a 52-week range of $16.45 to $41.34. Analysts have a consensus price target of $41.42. Marvell Technology Group Ltd. (MRVL) has earlier disclosed that the company’s custom application-specific integrated circuits (ASICs) offering is well-positioned to enable the next generation of artificial intelligence (AI) accelerator solutions for the data center and automotive markets.
ON Semiconductor Corporation (NASDAQ: ON)
ON Semiconductor Corporation (NASDAQ: ON) shares headed rising, higher as much as 6.03%. The most recent rating by Craig Hallum, on August 11, 2020, is at a Buy. ON Semiconductor Corporation (ON) has disclosed that SUBARU CORPORATION has selected its image sensing technology to enable camera-based ADAS (Advanced Driver Assistance Systems) in the car manufacturer’s new-generation EyeSight Driver Assist platform.
Intel Corporation (NASDAQ: INTC)
Intel Corporation (NASDAQ: INTC) last closed at $51.43, in a 52-week range of $43.63 to $69.29. Analysts have a consensus price target of $56.50. Intel Corporation (INTC) has moved up 17.28% from its 52-weeks low and moved down -26.15% from its 52-weeks high. Intel Corporation’s market cap has remained high, hitting $215.32 Billion at the time of writing.
Micron Technology Inc. (NASDAQ: MU)
Micron Technology Inc. (NASDAQ: MU) stock soar by 1.18% to $49.72. The most recent rating by Cleveland Research, on September 23, 2020, is at a Buy. Micron Technology Inc. (MU) share price went from a low point around $31.13 to briefly over $61.19 in the past 52 weeks, though shares have since pulled back to $50.74. MU market cap has remained high, hitting $55.61 Billion at the time of writing.
QUALCOMM Incorporated (NASDAQ: QCOM)
QUALCOMM Incorporated (NASDAQ: QCOM) rose 3.47% after gaining more than $3.97 on Monday. In the past 52-weeks of trading, this company stock has fluctuated between the low range of $58.00 and a high range of $123.93. QUALCOMM Incorporated (QCOM) has moved up 103.22% from its 52-weeks low and moved down -4.89% from its 52-weeks high. QUALCOMM Incorporated’s market cap has remained high, hitting $130.97 Billion at the time of writing.
Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) stock soar by 1.13% to $79.77. The most recent rating by New Street, on August 28, 2020, is at a Buy. Taiwan Semiconductor Manufacturing Company Limited (TSM) share price went from a low point around $42.70 to briefly over $86.79 in the past 52 weeks, though shares have since pulled back to $80.48. TSM market cap has remained high, hitting $380.51B at the time of writing.
United Microelectronics Corporation (NYSE: UMC)
United Microelectronics Corporation (NYSE: UMC) rose 17.26% after gaining more than $0.73 on Monday. United Microelectronics Corporation (UMC) stock has fluctuated between the low range of $2.08 and a high range of $4.97. United Microelectronics Corporation has moved up 128.61% from its 52-weeks low and moved down -4.33% from its 52-weeks high. United Microelectronics Corporation’s market cap has remained high, hitting $12.76 Billion at the time of writing.
Texas Instruments Incorporated (NASDAQ: TXN)
Texas Instruments Incorporated (NASDAQ: TXN) last closed at $141.94, in a 52-week range of $93.09 to $148.37. Analysts have a consensus price target of $139.71. Texas Instruments Incorporated (TXN) market cap has remained high, hitting $128.48 Billion at the time of writing.
