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Zacks Market Edge Highlights: Advanced Micro Devices, Intel, QUALCOMM, NVIDIA and Taiwan Semiconductor Manufacturing

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For Immediate Release

Chicago, IL – August 6,2020 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:

Which Semiconductor Stocks Should You Buy?

Welcome to Episode #235 of the Zacks Market Edge Podcast.

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

This week, Tracey is joined by Zacks Senior Stock Strategist, Kevin Cook, to talk about the semiconductor stocks.

They aren’t all the same. They each have their own niche in the semiconductor eco-system.

Which one should you buy? Or should you buy more than one?

What about buying the semiconductor ETFs in order to buy a basket of the stocks?

AMD v Intel

Advanced Micro Devices, Inc. (AMD - Free Report) shares are soaring after a solid earnings report and news out of competitor Intel Corporation (INTC - Free Report) that they are behind on their development of the 7nm chip.

To find out more about the impact on AMD, check out Kevin’s recent Cook’s Kitchen video talking about it all here.

Analysts believe this gives AMD a distinct business advantage and they’ve raised price targets.

But AMD is now trading at 70x forward earnings. Is it too hot to handle or should you jump in?

The 5G Trade vs. Gaming

Investors may want to invest in emerging technologies like 5G or in the hot gaming industry.

QUALCOMM Incorporated (QCOM - Free Report)  is one of the names that will benefit from the rollout of 5G. It has a forward P/E of just 28.

On the gaming side, NVIDIA Corporation (NVDA - Free Report) is almost untouched but you’ll have to pay a high price for the shares as it trades with a forward P/E of 55 and a PEG of 3.3.

The Building Block Stocks

Or maybe you should buy one of the foundry companies like Taiwan Semiconductor Manufacturing Company Limited (TSM - Free Report)  which manufactures chips for the other companies like AMD.

It is the building block of the entire industry.

Taiwan Semi trades with a forward P/E of 25.2 and a PEG of just 1.3.

What else should you know about the various companies and ETFs in the hot semiconductor industry?

Tune into this podcast to find out.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.

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