Seizing on the winds of innovation blowing through the tech landscape, Nvidia (NVDA) has been a remarkable success story, catapulting from a humble stock price to becoming the torchbearer of the AI revolution. Yet, as June bid its farewell, Nvidia shares felt the sting of profit-taking after a dazzling 10-for-1 split and subsequent market surge.
Even as today’s trading session keeps NVDA in the spotlight with a lukewarm response to a downgrade by New Street Research, the larger semiconductor cohort showcased impressive strength, outperforming Nvidia’s modest 12.69% return for the month.
#1. Taiwan Semiconductor: Rising Above the Fray
Established in 1987, Taiwan Semiconductor (TSM) shines as the paramount dedicated semiconductor foundry globally. At the heart of the chip supply chain, TSM’s commitment to R&D has cemented its leading status. Boasting a colossal market cap of $946.47 billion, TSM’s stock surged by 15% in June, delighting investors with a substantial 77% YTD jump.
#2. Skyworks Solutions: Riding the Connectivity Wave
In the sunny confines of Irvine, CA, Skyworks Solutions (SWKS) engineers pivotal analog semiconductors crucial for wireless connectivity across various devices. With a market cap of $16.7 billion, SWKS mirrored TSM’s June gain of 15%, even though it lags by 6.2% YTD. Offering a 2.6% dividend yield, SWKS remains a key player to watch.
#3. Qorvo: Amplifying the Wireless Realm
Since its inception in 2015, Qorvo (QRVO) from Greensboro, North Carolina, has been a cornerstone in RF components for wireless applications. With a market cap at $11.2 billion, QRVO leaped 17% in June, showing a modest 5.5% uptick YTD. Analysts maintain a “Hold” rating for QRVO as it eyes the path to its Street-high target of $135.
#4. Broadcom: Scaling the Heights
Emerging in 1991 from San Jose, Broadcom (AVGO) emerges as a juggernaut in analog and digital ICs. Celebrating a stellar 21% surge in June, AVGO stands tall with a 53.2% YTD growth and a 1.21% dividend yield. Market observers found further intrigue as Rep. Nancy Pelosi’s options play brought newfound interest to the chip giant.
#5. Arm Holdings: Architecting the Future
In a mark of distinction, Arm Holdings (ARM) from the UK epitomizes architectural prowess in processor design for various electronic devices. Marching to a 35% June surge and a monumental 137.8% YTD jump, ARM’s meteoric rise paints a picture of sustained growth and promise for eager investors.