10 top semiconductor stocks to buy in 2026

Semiconductors are fundamental components of modern electronics, such as smartphones, computers and automotive systems.⁽¹⁾

They’re also pivotal in the growth of cutting-edge technologies like artificial intelligence, the Internet of Things (IoT) and 5G networks.

As demand for microchips grows, so do the opportunities for savvy investors.

We present 10 top semiconductor stocks you should consider if you want to invest in this disruptive technology.

10 top semiconductor stocks to buy now

Source: Finviz. Data is current as of July 23, 2024.

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1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like AMAT or AMD.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into semiconductor stocks

1. NVIDIA Corporation (NVDA)

NVIDIA Corporation operates as a data center scale AI infrastructure company in the United States, Taiwan, China, Hong Kong, Europe, and internationally. It operates through Compute & Networking, and Graphics segments. The Compute & Networking segment provides data center accelerated computing and networking platforms and artificial intelligence solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software.

NVIDIA Corporation stock opened the day at $218.10 after a previous close of $214.13. The latest price was $217.09 (25-minute delay). NVIDIA Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD303 billion and employs 42,000 staff.

• Market capitalization: $5,170,596,937,728
• P/E ratio: 27.0708
• PEG ratio: 0.4791

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2. Broadcom (AVGO)

Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally. The company operates in two segments: Semiconductor Solutions and Infrastructure Software.

Broadcom stock opened the day at $338.75 after a previous close of $360.14. The latest price was $334.59 (25-minute delay). Broadcom is listed on the NASDAQ, has a trailing 12-month revenue of around USD$89.1 billion and employs 33,000 staff.

• Market capitalization: $1,596,158,640,128
• P/E ratio: 42.7037
• PEG ratio: 0.361

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3. Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally. The company offers direct current (DC) to DC solutions to convert and control voltages within a range of electronic systems, such as cloud-based and on-premises CPU servers and workstations, AI systems, memory, storage solutions, notebooks, infotainment, power sources, home appliances, network infrastructure, and satellite communications.

Monolithic Power Systems stock opened the day at $1,255.41 after a previous close of $1,473.69. The latest price was $1,253.66 (25-minute delay). Monolithic Power Systems is listed on the NASDAQ, has a trailing 12-month revenue of around USD$3.3 billion and employs 4,501 staff.

• Market capitalization: $64,846,647,296
• P/E ratio: 80.2646
• PEG ratio: 1.0364

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4. Micron Technology (MU)

Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally. It operates through Cloud Memory Business Unit, Core Data Center Business Unit, Mobile and Client Business Unit, and Automotive and Embedded Business Unit segments.

Micron Technology stock opened the day at $1,077.50 after a previous close of $1,088.00. The latest price was $1,035.84 (25-minute delay). Micron Technology is listed on the NASDAQ, has a trailing 12-month revenue of around USD$133.2 billion and employs 61,000 staff.

• Market capitalization: $994,340,044,800
• P/E ratio: 11.8235
• PEG ratio: 0.1598

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5. Qualcomm Incorporated (QCOM)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software with connectivity and computing technologies for use in mobile devices; automotive systems for connectivity, digital cockpit, and ADAS/AD; and IoT, including consumer electronic devices, industrial devices, and edge networking products.

Qualcomm Incorporated stock opened the day at $176.40 after a previous close of $172.11. The latest price was $175.50 (25-minute delay). Qualcomm Incorporated is listed on the NASDAQ, has a trailing 12-month revenue of around USD$44.1 billion and employs 52,000 staff.

• Market capitalization: $183,785,848,832
• P/E ratio: 19.9201
• PEG ratio: 0.8803

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6. Analog Devices (ADI)

Analog Devices, Inc. engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. It provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

Analog Devices stock opened the day at $411.50 after a previous close of $420.55. The latest price was $410.08 (25-minute delay). Analog Devices is listed on the NASDAQ, has a trailing 12-month revenue of around USD$13.9 billion and employs 24,500 staff.

• Market capitalization: $192,396,722,176
• P/E ratio: 47.1556
• PEG ratio: 0.5757

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7. NXP Semiconductors (NXPI)

NXP Semiconductors N. V. provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally. The company's product portfolio includes microcontrollers; application processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, Thread, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface products; radio frequency devices, and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.

NXP Semiconductors stock opened the day at $234.78 after a previous close of $231.09. The latest price was $230.19 (25-minute delay). NXP Semiconductors is listed on the NASDAQ, has a trailing 12-month revenue of around USD$13.2 billion and employs 32,169 staff.

• Market capitalization: $57,828,810,752
• P/E ratio: 19.5841
• PEG ratio: 0.4684

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8. Advanced Micro Devices (AMD)

Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded.

Advanced Micro Devices stock opened the day at $551.78 after a previous close of $562.23. The latest price was $538.05 (25-minute delay). Advanced Micro Devices is listed on the NASDAQ, has a trailing 12-month revenue of around USD$41.3 billion and employs 31,000 staff.

• Market capitalization: $863,171,182,592
• P/E ratio: 134.8852
• PEG ratio: 0.626

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9. Microchip Technology (MCHP)

Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. It operates in two segments, Semiconductor Products and Technology Licensing. The company offers general-purpose 8-bit, 16-bit, 32-bit, and 64-bit mixed-signal microcontrollers; 32-bit and 64-bit embedded mixed-signal microprocessors; and specialized mixed-signal microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human-machine interface, security, wired connectivity, and wireless connectivity applications.

Microchip Technology stock opened the day at $76.30 after a previous close of $81.26. The latest price was $75.55 (25-minute delay). Microchip Technology is listed on the NASDAQ, has a trailing 12-month revenue of around USD$5.1 billion and employs 17,900 staff.

• Market capitalization: $40,101,191,680
• P/E ratio: 108.6029
• PEG ratio: 0.226

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10. ON Semiconductor Corporation (ON)

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies.

ON Semiconductor Corporation stock opened the day at $72.71 after a previous close of $73.70. The latest price was $72.02 (25-minute delay). ON Semiconductor Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD$6.2 billion and employs 22,600 staff.

• Market capitalization: $29,440,274,432
• P/E ratio: 51.0946
• PEG ratio: 0.1645

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