Microchips with Macro Returns? The Semiconductor Stocks Under $10 in 2023
Key takeaways
- The semiconductor industry set to be worth $1.8 trillion by 2032
- Semiconductor stocks can include indirect areas like raw materials, factories and licensing agreements
- Buys under $10 include QuickLogic, Applied Optoelectronics and Atomera
Semiconductors make the world go round. Not literally, but they’re a huge part of today’s society as they power everything from our phones to EVs. Everyone knows the big players in the field, but you might be wondering if there are bargains stocks to be had — and the good news is yes, there are. Keep reading.
Semiconductors are a huge part of the tech industry, which has enjoyed very healthy returns in 2023. Get in on the action with Q.ai’s Emerging Tech Kit, which uses AI to scan through the data and predict which tech stocks and ETFs could perform well. It then dynamically adjusts the Kit’s holdings to help you build wealth.
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Is the semiconductor industry a good investment?
Given semiconductors are needed for almost every electronic device we use regularly, it’s almost a dead cert the industry is set to grow. The global semiconductor market was worth $591 billion in 2022, with the sector expected to hit over $1.8 trillion by 2032.
Supply chain issues, geopolitical factors and fluctuating demand caused by the pandemic have affected the stocks in recent years, with some investors now is the time to buy the dip.
Semiconductor stocks under $10
QuickLogic Corporation
Coming in with a $9.45 share price, QuickLogic, which makes semiconductors and software solutions for phones and wearable tech, has soared in recent months.
The company’s latest earnings beat posted a $4.13 million quarterly revenue, and its AI focus has been a boon for the share price. With an 82.4% gain in the stock since the start of the year, it might be one of the last times QuickLogic is under $10.
Applied Optoelectronics
Fiber-optic networking products manufacturer Applied Optoelectronics is currently trading at $4.61. With the stock having already gained 145% this year, the price could be a steal if the company can maintain its momentum — though it’s worth noting that analysts currently predict a 9% decline in sales this year.
Last week the company announced its partnership with Microsoft to provide “certain design services and assembly services of goods”, which sent the stock flying high by 15% in a day.
Atomera
This semiconductor materials and tech licensing company has seen its stock go through a rollercoaster ride so far in 2023. It’s gained 22% this year, with the share price currently at $7.58, but the stock has dropped 23.4% in the last month.
Shares boomed back in April when the company released a stellar earnings beat and announced a new commercial licence agreement with STMicroelectronics, but those gains have largely retreated in the weeks since.
The bottom line
The semiconductor industry comprises a wide-ranging group of companies, including raw materials, licensing agreements and production factories, so there are many ways to gain direct and indirect exposure if the industry booms as predicted. Plus, AI investing can be a handy helper in this scenario to help predict when that upside might appear.
The tech industry is moving at a dizzying pace, with the stock price returns to show. Q.ai’s Emerging Tech Kit packages up a diversified basket of tech stocks and ETFs to help you capitalize on the tech market while better managing the volatility. How? With an AI algorithm that does the hard work so you don’t have to.
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