12 semiconductor stocks to watch

The best semiconductor stocks depend on your portfolio and investment goals—while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

12 popular semiconductor stocks to watch

We round up a selection of stocks in or related to the technology industry, weighting the list more heavily towards popular mid- and large-cap stocks.

1. Applied Materials (AMAT)
2. Advanced Micro Devices (AMD)
3. Analog Devices (ADI)
4. Broadcom (AVGO)
5. Intel Corporation (INTC)
6. NVIDIA Corporation (NVDA)
7. Micron Technology (MU)
8. Qualcomm Incorporated (QCOM)
9. Microchip Technology (MCHP)
10. Skyworks Solutions (SWKS)
11. Cree (CREE)
12. Xilinx (XLNX)

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The semiconductor stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering semiconductor stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

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How to invest in semiconductor stocks

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 in Canada.
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.

Learn more about popular semiconductor stocks

We round up a selection of stocks in or related to the technology industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

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1. Applied Materials (AMAT)

Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.

• Previous close price: $169.31
• Market capitalization: $153,339,133,952
• 1 year performance: 9.37%
• P/E ratio: 20.9224

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2. Advanced Micro Devices (AMD)

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments.

• Previous close price: $139.39
• Market capitalization: $225,310,932,992
• 1 year performance: 16.32%
• P/E ratio: 123.9643

Buy AMD stock on Interactive Brokers

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3. Analog Devices (ADI)

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company 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.

• Previous close price: $210.43
• Market capitalization: $105,375,678,464
• 1 year performance: 17.01%
• P/E ratio: 64.1209

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4. Broadcom (AVGO)

Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.

• Previous close price: $165.35
• Market capitalization: $795,773,501,440
• 1 year performance: -82.77%
• P/E ratio: 140.8099

Buy AVGO stock on Interactive Brokers

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5. Intel Corporation (INTC)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

• Previous close price: $24.20
• Market capitalization: $107,954,388,992
• 1 year performance: -44.18%

Buy INTC stock on Interactive Brokers

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6. NVIDIA Corporation (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. The Compute & Networking segment comprises Data Center computing platforms and end-to-end networking platforms, including Quantum for InfiniBand and Spectrum for Ethernet; NVIDIA DRIVE automated-driving platform and automotive development agreements; Jetson robotics and other embedded platforms; NVIDIA AI Enterprise and other software; and DGX Cloud software and services.

• Previous close price: $147.01
• Market capitalization: $3,482,769,162,240
• 1 year performance: -70.29%
• P/E ratio: 66.6573

Buy NVDA stock on Interactive Brokers

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7. Micron Technology (MU)

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Mainland China, rest of the Asia Pacific, Hong Kong, Japan, Europe, and internationally. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.

• Previous close price: $97.73
• Market capitalization: $109,964,828,672
• 1 year performance: 27.47%
• P/E ratio: 141.6857

Buy MU stock on Interactive Brokers

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8. 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 advanced connectivity and high-performance, and low-power 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.

• Previous close price: $164.71
• Market capitalization: $178,315,509,760
• 1 year performance: 27.98%
• P/E ratio: 17.953

Buy QCOM stock on Interactive Brokers

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9. Microchip Technology (MCHP)

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes, and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; field-programmable gate array (FPGA) products; and application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications.

• Previous close price: $64.88
• Market capitalization: $35,227,852,800
• 1 year performance: -21.03%
• P/E ratio: 46.1972

Buy MCHP stock on Interactive Brokers

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10. Skyworks Solutions (SWKS)

Skyworks Solutions, Inc. , together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.

• Previous close price: $83.56
• Market capitalization: $13,416,143,872
• 1 year performance: -10.51%
• P/E ratio: 17.1779

Buy SWKS stock on Interactive Brokers

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11. Cree (CREE)

Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED Products.

• Previous close price: $0.00
• Market capitalization: $9,169,296,384
• 1 year performance: N/A

Buy CREE stock on Interactive Brokers

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12. Xilinx (XLNX)

Xilinx, Inc. designs, develops, and markets programmable devices and associated technologies worldwide. The company offers integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

• Previous close price: $0.00
• Market capitalization: $48,414,617,600
• 1 year performance: N/A
• P/E ratio: 52.3838

Buy XLNX stock on Interactive Brokers

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Note: The dollar amounts in the table below are in Canadian dollars.

Bottom line

While it's possible to turn a profit investing in semiconductor stocks, keep in mind that—like any investment—semiconductor stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the technology industry, so carefully vet your picks before you invest. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.

Related: How to buy stocks in Canada

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.