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Shares of semiconductor heavyweights Taiwan Semiconductor Manufacturing (TSM 2.93%), Advanced Micro Devices (AMD 7.39%), and Monolithic Power Systems (MPWR 7.47%) were rallying today, up 2.7%, 7.4%, and 6%, respectively, as of 2:21 p.m. ET.
Recently, Zacks.com users have been paying close attention to TSMC (TSM). This makes it worthwhile to examine what the stock has in store.
While everyone in the market is trying to figure out where the next leg of the S&P 500 is going to go, there are other unorthodox indicators in the technology sector pointing to new optimism for the future state of demand and growth in artificial intelligence, which will directly translate into more demand and future earnings in the semiconductor industry. Knowing that the bets are off, one of the most vital players in the space has made a new move.
With the recent market sell-off, there are a number of attractive tech stocks that investors can look to add to their portfolios. For investors with some cash on the sidelines, here are three top tech stocks to consider.
The stock market briefly entered correction territory last week as concerns about the economic fallout from President Trump's trade policies grow.
The market sell-off has harmed multiple companies and even caused a handful to fall out of the $1 trillion valuation club. Broadcom (AVGO 0.55%) and Taiwan Semiconductor Manufacturing (TSM -0.56%) are two companies that have fallen below this exclusive valuation level.
Just weeks after the Nasdaq Composite flirted with a new all-time high, the tech-heavy index has sunk into a correction (defined as a pullback of at least 10%).
With the stock market in a correction, some investors are likely to remain a bit pessimistic. There are many unknowns about the effect of tariffs, and the market hates uncertainty.
While most investors favor bull markets, bear markets offer unique opportunities to buy strong companies at lower prices. As the Nasdaq pulled back on Tuesday, analysts evaluated tech stocks for buying opportunities and identified potential long-term investments.
Taiwan Semiconductor Manufacturing (TSM 2.17%) stock posted gains in Thursday's trading despite a pullback for the broader market. The company's share price rose 2.1% in the daily session.