To say that 2023 was a good year for semiconductor stocks is an understatement. The sector, at least as defined by the VanEck Semiconductor ETF (NASDAQ: SMH), rocketed 73.4% in 2023! So if you had shied away from this volatile yet important part of the market, you likely missed out on some of the biggest gains of the year.
The artificial intelligence (AI) revolution no doubt played a big part, causing some of the largest names like Nvidia and Advanced Micro Devices to rise 239% and 128%, respectively.
But there are other, really important chip companies with strong business models and important long-term growth trends that lagged the sector. On that note, the following three stocks still look like bargain-priced options in the red-hot sector today.
SMH Year to Date Total Returns (Daily) data by YCharts.
Taiwan Semiconductor Manufacturing
The…
