Over the past few years, investors have paid a growing amount of attention to semiconductor stocks. Advanced chips are powering an increasing number of products and services, including electric vehicles, cloud computing, consumer electronics, and artificial intelligence (AI), which is driving a demand boom across the industry. Axcelis Technologies (NASDAQ: ACLS) stock has surged 101% in 2023 so far, though it's down 21% since the beginning of August amid seasonal weakness in the broader market.
In today's video, I discuss updates affecting Intel (NASDAQ: INTC), Qualcomm (NASDAQ: QCOM), Micron Technology (NASDAQ: MU), Advanced Micro Devices (NASDAQ: AMD), ASML Holdings (NASDAQ: ASML), and other semiconductor companies.
These companies have solid prospects in AI and make attractive long-term investments, but one is a more reliable buy.