Semiconductor stocks grabbed investor attention Monday after Advanced Micro Devices (NASDAQ:AMD) soared on news of a newly inked partnership with OpenAI. Under the long-term agreement, the ChatGPT developer will acquire several generations of AMD’s advanced artificial intelligence processors over the coming years.
As a result AMD popped more than 25% placing attention on the broader chip sector.
In response, Seeking Alpha spotlighted the top 10 semiconductor stocks with market capitalizations of at least $10 billion, ranked according to its quant metrics.
No. 1: Micron Technology (MU), quant rating of 4.96.
No. 2: Taiwan Semiconductor Manufacturing Company (TSM), quant rating of 4.89.
No. 3: Advanced Micro Devices (NASDAQ:AMD), quant rating of 4.43.
No. 4: Analog Devices (ADI), quant rating of 4.33.
No. 5: First Solar (FSLR), quant rating of 4.21.
No. 6: Rambus (RMBS), quant rating of 3.80.
No. 7: Credo Technology Group (CRDO), quant rating of 3.49.
No. 8: Astera Labs (ALAB), quant rating of 3.48.
No. 9: Nvidia (NVDA), quant rating of 3.48.
No. 10: Broadcom (AVGO), quant rating of 3.48.
For more on the semiconductor industry see a grouping of exchange traded funds that offer exposure towards the space below:
Semiconductor ETFs: (NASDAQ:SMH), (NASDAQ:SOXX), (NYSEARCA:SOXL), (NASDAQ:FTXL), (NYSEARCA:XSD), (NYSEARCA:USD), (NYSEARCA:PSI), and (NYSEARCA:SEMI).