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Barchart
Barchart
Rick Orford

3 Semiconductor Stocks Ready To Soar in 2024

Semiconductor Micron Memory Sanjay Mehrotra Everspin Technologies Inc Micron Technology Inc Silicon Motion Technology Corporation SIMO

Micron Technology shares jumped last week as the company forecasted 2024 as the recovery year for the dynamic random access memory (DRAM) and flash storage market, as deliverables are slowly moving to historically normal levels. According to Micron’s CEO, Sanjay Mehrotra, “Memory prices, which slumped this year, will improve next year and rise further in 2025”. This statement gave investors another positive catalyst for the sector.

This optimism led us to screen the sector for high-quality companies with a potential for a comeback and growth. In this article, we’ll run the numbers for a 2024 semiconductor sector play, and explain why we think these three semiconductor companies are good places to start.

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