+1.37%
last session
Analysts rate ADI as a buy, citing strong earnings and potential growth in its communications segment, while recent...
Sourcezacks.com - Jun 11
Semiconductor Stocks
TechnologyAiInfrastructure
AI accelerators, memory, foundries, chip equipment, analog, auto chips, and advanced packaging across the semiconductor value chain. The universe is dominated by AI Accelerators (52%) and Semicap Equipment (8%), outperforming SPY by 94.5 percentage points YTD.
YTD Return
+103.1%
+94.5 pts vs SPY
32 of 44 beat SPY
1-Month Return
+12.9%
+12.4 pts vs SPY
Universe Size
44 Stocks
Curated theme basket
Market Cap
$15.58T
Total capitalization
Theme Performance
Semiconductor Stocks Performance vs SPY and QQQ
Track Semiconductor Stocks without checking every day
Weekly updates on performance, valuation changes, and key movers.
Theme Composition
Semiconductor Stocks Breakdown
Composition last reviewed
As of Jun 1, 2026
Categories reflect each company's primary theme role. Some companies may have exposure to multiple segments.
Theme Overview
Semiconductor Stocks Overview
A summary of how the theme breaks down across business segments and where concentration risk lives.
Selected Stocks
35
in theme
Total Market Cap
$12.06T
combined
Highly Concentrated
The top 2 segments (AI Accelerators & Semicap Equipment & Memory & Specialty & Other segments) represent 78.0% of this theme by market cap.
Top Semiconductor Stocks Stocks
Top Semiconductor Stocks Stocks by Segment, Performance, and Valuation
NVDA
NVIDIA Corporation
Price$205.15
Mkt Cap-
YTD+8.6%
Rev G70.7%
AVGO
Broadcom Inc.
Price$382.07
Mkt Cap-
YTD+9.9%
Rev G36.3%
MU
Micron Technology, Inc.
Price$981.61
Mkt Cap-
YTD+211.2%
Rev G85.5%
AMD
Advanced Micro Devices, Inc.
Price$511.57
Mkt Cap-
YTD+128.9%
Rev G35%
INTC
Intel Corporation
Price$124.57
Mkt Cap-
YTD+216.3%
Rev G1.4%
LRCX
Lam Research Corporation
Price$366.81
Mkt Cap-
YTD+98.2%
Rev G26.5%
AMAT
Applied Materials, Inc.
Price$567.25
Mkt Cap-
YTD+111%
Rev G3.3%
KLAC
KLA Corporation
Price$254.54
Mkt Cap-
YTD+99.7%
Rev G13.4%
TXN
Texas Instruments Incorporated
Price$301.12
Mkt Cap-
YTD+69.6%
Rev G14.9%
MRVL
Marvell Technology, Inc.
Price$279.70
Mkt Cap-
YTD+212.9%
Rev G34.1%
| # | Chart (YTD) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA Corporation | $205.15 | $4.97T | +8.6% | -7.1% | 41.9 | 70.7% | |
| 2 | AVGO Broadcom Inc. | $382.07 | $1.82T | +9.9% | -8.9% | 80.1 | 36.3% | |
| 3 | MU Micron Technology, Inc. | $981.61 | $1.11T | +211.2% | +28.1% | 129.3 | 85.5% | |
| 4 | AMD Advanced Micro Devices, Inc. | $511.57 | $834.03B | +128.9% | +14.1% | 193.0 | 35% | |
| 5 | INTC Intel Corporation | $124.57 | $625.47B | +216.3% | +3.3% | -2114.9 | 1.4% | |
| 6 | LRCX Lam Research Corporation | $366.81 | $458.06B | +98.2% | +26.8% | 88.4 | 26.5% | |
| 7 | AMAT Applied Materials, Inc. | $567.25 | $450.37B | +111% | +31.6% | 65.5 | 3.3% | |
| 8 | KLAC KLA Corporation | $254.54 | $332.5B | +99.7% | +40.5% | 83.8 | 13.4% | |
| 9 | TXN Texas Instruments Incorporated | $301.12 | $274.16B | +69.6% | +2% | 55.3 | 14.9% | |
| 10 | MRVL Marvell Technology, Inc. | $279.70 | $244.68B | +212.9% | +70% | 91.1 | 34.1% |
Showing 10 of 35 stocks
Daily Intelligence
Yesterday in Semiconductor Stocks
Key headlines and stock-level catalysts from the last trading session.
Last session recap is current.
End-of-day analysis published after market close. Next update after Jun 15, 2026 market close.
Session Brief
Jun 12, 2026AI demand fuels chip makers—ASML’s lithography tech remains critical, while AMD and Nvidia ride AI‑CPU and GPU surges. Micron rebounds on memory‑chip orders; Intel’s national‑security pivot adds upside potential. Broadcom’s earnings volatility and ARM’s agentic‑AI rally show sector divergence.
Key Drivers
Stock-Level Catalysts
Sentiment reflects catalyst narrative, not price direction - a stock can close lower while the fundamental driver is bullish.
+4.73%
last session
AMD’s shares plunged Thursday after earnings missed forecasts, citing weaker-than-expected revenue and slowing dema...
Sourcefool.com - Jun 11
-0.91%
last session
AVGO is reacting to a sharp earnings miss that triggered a sell‑off, but analysts now see upside from a new $X targ...
Sourcefool.com - Jun 11
+6.51%
last session
Intel's stock surges after Bank of America’s rare double upgrade and a renewed focus on its national security role,...
Sourcefool.com - Jun 11
-0.36%
last session
Marvell’s recent S&P 500 inclusion, appointment of Adobe exec Dan Durn as CFO, and analyst focus on AI‑chip demand...
Sourcefool.com - Jun 12
Updated after market close
Jun 12, 2026
Valuation Pulse
Are Semiconductor Stocks cheap or expensive right now?
DCF valuations and Wall Street ratings across the theme.
Data as of Jun 12, 2026 (EOD)
35 stocks in theme - 2 with full coverage
DCF Valuation
(Intrinsic Value)Limited DCF coverage for this theme - fewer than 5 stocks have a DCF model available.
2
of 35
covered
Undervalued
1(50%)
Fair Value
0(0%)
Overvalued
1(50%)
Top DCF Upside (Undervalued Only)
View all
Wall Street Consensus
(Price Targets)35
of 35
covered
Buy / Strong Buy
31(89%)
Hold
4(11%)
Sell / Strong Sell
0(0%)
Coverage Snapshot
Consensus is based on 35 stocks with analyst price targets. DCF analysis is based on 2 stocks with intrinsic value estimates.
Valuation Distribution
(35 covered stocks)Theme Valuation Score
3.0
Fair
Scale: 1 (Cheap) to 5 (Expensive)
1
Bargain
6 stocks (17%)
>= +30%
2
Cheap
2 stocks (6%)
+10% to +30%
3
Fair
18 stocks (51%)
-10% to +10%
4
Expensive
5 stocks (14%)
-25% to -10%
5
Very Expensive
4 stocks (11%)
<= -25%
Valuation score blends Wall Street target upside at 65% weight and DCF upside at 35% weight when both are available; single-source covered stocks use the available signal. Higher score means more expensive.
Earnings Calendar
Upcoming Earnings in Semiconductor Theme
Companies reporting in the next 30 days. Earnings dates and estimates can change as reports approach.
| Company | Reports | Timing | Est. EPS | Est. Revenue |
|---|---|---|---|---|
 MUMicron Technology, Inc. | Wed, Jun 24 | Unconfirmed | $19.62 est. | $34.26B est. |
Estimates are based on available consensus data. BMO = Before Market Open, AMC = After Market Close.
Research & Methodology
How to evaluate Semiconductor Stocks
Methodology, investment thesis, and key risks for this theme.
Show DetailsHide Details
Research & Methodology
How to evaluate Semiconductor Stocks
Methodology, investment thesis, and key risks for this theme.
How we evaluate these stocks
Our methodology
We compare chip companies by where they sit in the cycle and how directly they benefit from AI, cloud, auto, industrial, and device demand. Quality depends on margins, design wins, pricing power, and balance-sheet strength.
- AI accelerator and networking exposure
- Gross margin and operating leverage
- Foundry, memory, equipment, and analog cycle position
- Customer concentration and export-control exposure
- Valuation against revenue growth and earnings quality
Investment thesis
Why this theme exists
Semiconductors are the physical layer of modern computing. AI, cloud infrastructure, vehicles, industrial automation, and connected devices all increase the need for advanced chips and manufacturing capacity.
- AI capex is raising demand for accelerators and networking
- Memory and equipment can benefit as demand spreads
- Foundries gain from advanced-node complexity
- Auto and industrial chips support longer-cycle demand
- Best operators can expand margins through scale
Key risks
What could go wrong
Chip stocks are structurally important but still cyclical. Inventory corrections, capex pauses, export controls, and customer concentration can pressure even strong companies.
- Inventory corrections after demand overbuilds
- Export controls and geopolitical restrictions
- Hyperscaler capex pauses or order timing shifts
- Margin pressure from pricing or utilization declines
- Peak multiples during peak growth phases
FAQ
Frequently asked questions
Common questions investors have about the Semiconductor Stocks theme.
01What are semiconductor stocks?
Semiconductor stocks are companies involved in designing, manufacturing, testing, packaging, or supplying equipment, IP, and materials for computer chips. The group includes AI accelerator leaders, foundries, memory suppliers, analog chipmakers, and semicap equipment companies.
02Is this different from the AI stocks theme?
Yes. AI stocks include software, cloud, and adoption beneficiaries. Semiconductor stocks focus specifically on the chip value chain.
03Which semiconductor metrics matter most?
Gross margin, revenue growth, operating margin, free cash flow, P/E or P/S, and recent returns are useful starting points. Equipment companies also require attention to orders and fab capex, while memory names are more sensitive to pricing cycles.
04Are semiconductor stocks cyclical?
Yes. Even high-quality chip companies can be affected by inventory cycles, pricing pressure, capex pauses, and end-market slowdowns. The long-term demand story does not remove short-cycle risk.
05Why are foundry and equipment stocks important?
Foundries and equipment suppliers show where future chip capacity is being built. If AI demand is real but fab spending or equipment orders weaken, investors should ask whether growth expectations are too aggressive.
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