Key Takeaways
The semiconductor industry presents exceptional investment opportunities in 2026, with the market projected to reach $2 trillion by 2032 and revenues expected to jump 26.3% to $975.4 billion in 2026.
• AI demand drives unprecedented growth: AI server spending alone is projected to increase 45% to $312 billion, creating massive tailwinds for semiconductor companies across the entire value chain.
• TSMC and NVIDIA lead the pack: TSMC delivered 55% total returns in 2025 with strong fundamentals, while NVIDIA secured $500 billion in orders through 2026 with 92% GPU market share.
• Memory stocks offer exceptional value: Micron surged 239% in 2025 yet trades at only 9.12x forward P/E, significantly below market averages despite selling out HBM capacity for 2026.
• Diversification across the ecosystem is key: From Atomera's revolutionary MST technology to ASML's lithography monopoly, each company offers unique exposure to different semiconductor segments and growth drivers.
• Wall Street maintains strong conviction: Most featured stocks carry "Strong Buy" or "Outperform" ratings, with analysts projecting substantial upside despite impressive recent performance.
The convergence of AI adoption, supply constraints, and technological advancement creates a compelling investment thesis for semiconductor stocks, making them essential components of any growth-oriented portfolio for 2026 and beyond.
The booming semiconductor industry, projected to reach $2 trillion by 2032, presents excellent tech stocks opportunities to boost your portfolio in 2026.
ATOM stock's performance resembles an atom bomb with an 85.9% correction in the last year. However, the semiconductor industry's story remains compelling. Semiconductor sales are close to hitting the $1 trillion milestone, and analysts expect revenues to surge 26.3% to $975.4 billion in 2026. AI server spending drives this growth substantially, with a projected 45% increase to $312 billion. The sector's strong performance this year still leaves room for attractive buying opportunities.
These promising market indicators make semiconductor stocks a smart addition to your investment portfolio right now. Let's examine 7 semiconductor stocks that Wall Street analysts keep buying consistently in 2026.
Atomera Incorporated (ATOM)
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Atomera Incorporated (ATOM) stands out in the semiconductor stocks list with its revolutionary Mears Silicon Technology™ (MST®). This proprietary, quantum-engineered material improves transistor performance and power efficiency in modern electronics. The technology could reshape the landscape of best tech stocks.
The company posted a net loss of $5.60 million ($0.17 per share) in Q3 2025, but positive developments have caught Wall Street's attention. A strategic collaboration with a leading capital equipment manufacturer now lets Atomera utilize their extensive salesforce and chipmaker relationships to speed up production timelines.
The company's growth plans got a boost with industry veteran Wei Na joining as Vice President of Sales. Na brings almost 30 years of semiconductor expertise, including 18 years in IP licensing, to stimulate commercial expansion.
MST has gained traction across GAA, DRAM, RFSOI and power segments. The company works with more than half of the world's leading semiconductor manufacturers. Atomera's strong position includes $20.30 million in cash reserves as of September 2025 and expected revenue growth of 300% for 2026. This makes ATOM an attractive high-risk, high-reward choice for investors looking at semiconductor stocks with breakthrough potential.
Taiwan Semiconductor Manufacturing Company (TSMC)
TSMC serves as the life-blood of the semiconductor stocks universe. The company manufactures chips for tech giants like Nvidia, AMD, and Apple. This Taiwan-based powerhouse has been the world's largest dedicated semiconductor foundry since 1987. The company achieved remarkable results in 2024 with USD 90.00 billion in revenue, 59% gross margin, and 36% return on equity.
TSMC's stock performance stands out impressively. The shares delivered a total return of 55% in 2025. The company's market capitalization now exceeds USD 1.68 trillion. The stock trades at a P/E ratio of 27.7x, which is by a lot below the industry average of 42x.
Revenue numbers tell an impressive story. The fourth quarter 2025 revenue reached USD 33.05 billion, showing a 20.4% increase year-over-year. This growth came from the rising need for AI chips. Wall Street analysts see strong growth ahead, expecting a 30% revenue increase in 2026 and 28% in 2027.
No other company matches TSMC's technological edge. The company plans to start 2-nanometer mass production in 2025. A massive USD 100.00 billion investment will expand its US operations, bringing the total US investment to USD 165.00 billion.
TSMC holds a consensus "Strong Buy" rating and stands as the premier AI infrastructure play. The company gives investors a way to tap into the entire AI ecosystem through a single, 36-year-old best tech stock.
ASML Holding (ASML)
ASML Holding stands as the life-blood of the semiconductor equipment industry with its commanding 94% share in lithography equipment. This Dutch giant manufactures photolithography machines that create intricate circuits powering today's advanced chips, making it one of the best tech stocks for 2026.
Bernstein has upgraded ASML to "Outperform" from "Market Perform". They raised their price target to €1,300 from €800, which was later revised to USD 1,528. This confidence comes from ASML's position as the only provider of extreme ultraviolet (EUV) lithography technology—a must-have for manufacturing chips below 7 nanometers.
ASML's market capitalization reached approximately USD 419 billion by December 2025. The company's growth has been impressive. Their revenue jumped to USD 35 billion in 2024 from USD 13 billion in 2018. The momentum continued with Q3 2025 results showing €7.5 billion in total net sales and €2.1 billion in net income.
Their flagship TWINSCAN NXE:3600D carries a price tag of up to USD 200 million. Analysts see strong performance ahead as memory manufacturers increase EUV usage and advanced logic needs grow. They point to 2026 and 2027 as "big years for EUV and for ASML". ASML emerges as a solid long-term investment choice in any semiconductor stocks list.
Nvidia Corporation (NVDA)
Nvidia Corporation (NVDA) stands as the undisputed leader among semiconductor stocks. The company posted remarkable Q3 FY26 revenue of USD 57.00 billion, showing growth of 22% quarter-over-quarter and 62% year-over-year. The company's dominance in AI infrastructure remains unchallenged with a commanding 92% market share in the discrete GPU segment.
The data center segment drives Nvidia's revenue growth, reaching USD 51.20 billion in Q3 FY26—a 25% jump from the previous quarter. Nvidia's success comes from its Blackwell and upcoming Rubin chips that power large language models and cloud platforms globally.
Wall Street analysts have set Nvidia's average price target at USD 264.97, suggesting a potential 43% upside. The company has gained strong backing from analysts, with 39 "Buy" ratings compared to just one each for "Hold" and "Sell".
The company expects Q4 FY26 revenue to hit approximately USD 65.00 billion. Nvidia has already secured USD 500.00 billion in orders for its current Blackwell and next-generation Rubin chips through 2026. The relaxation of US-China restrictions could boost revenue significantly, as Chinese tech companies have reportedly ordered over 2 million H200 GPUs for 2026.
Investors searching for best tech stocks with strong growth prospects will find Nvidia attractive, given its projected 61% earnings growth in fiscal 2027.
ON Semiconductor (ON)
ON Semiconductor (ON) stands out as a major player in the semiconductor stocks list with its smart power and sensing solutions. The company serves automotive and industrial markets and pioneers electric vehicles, renewable energy, and industrial automation technologies.
ON Semiconductor's market capitalization reaches USD 25.42 billion with a P/E ratio of 85.2x. The company's trailing twelve-month revenue touches USD 6.19 billion, though its quarter-over-quarter revenue declined by 12.0%. The company maintains an operating margin of 18.5% and delivers a 3.9% return on equity among other strong metrics.
This resilient performer among best tech stocks has caught Wall Street's attention. A group of 30 analysts gave ON a consensus "Moderate Buy" rating. Price targets vary from USD 50.00 to USD 85.00, with an average of USD 59.56. Evercore ISI analyst Mark Lipacis shows exceptional confidence by raising his price target to USD 80.00, suggesting a potential 47% upside.
ON Semiconductor aims for 10-12% CAGR growth through 2027. This projection comes from the company's shift toward premium businesses, with emphasis on silicon carbide technology for electric vehicles and data centers. The company faces challenges as it directs through a possible slowdown in EV adoption.
Micron Technology (MU)
Micron Technology (MU) stood out as a top performer among semiconductor stocks in 2025. The company's shares skyrocketed 239%. This memory chip powerhouse has without doubt caught Wall Street's attention and earned a "Strong Buy" consensus rating, with 25 buy ratings compared to all but one hold ratings and zero sell ratings.
The company's forward P/E multiple sits at just 9.12, which is well below the S&P 500 average of 23.11. This valuation is also lower than memory peers like Seagate Technology (22.21), Western Digital (18.89), and Sandisk (13.14). MU's stock still looks undervalued compared to its peers, even after its impressive run.
Wall Street analysts see remarkable growth ahead. They expect fiscal 2026 revenues to surge 89.3% year-over-year with earnings per share jumping an impressive 278.3%. Analysts have raised their fiscal 2026 EPS consensus by 80.6% in the last month.
Memory supply constraints drive this bullish outlook. Micron has sold out its high-bandwidth memory (HBM) capacity for calendar 2026. Industry DRAM prices should rise 20-25% sequentially in early 2026. The company will also discontinue its Crucial consumer brand to focus on higher-margin enterprise markets.
Investors looking at best tech stocks might find Micron particularly attractive. The average analyst price target of $333.58 suggests gains that outperform many others on the semiconductor stocks list.
GlobalFoundries Inc. (GFS)
GlobalFoundries (GFS) stands out in the semiconductor stocks market as the world's third-largest chip foundry. The company takes a different approach from fabrication leaders. Instead of focusing on advanced nodes, GFS specializes in manufacturing mature process nodes (12nm and above) that power key applications in automotive, industrial, and communications sectors.
The company's Q3 2025 performance showed strong results, with revenue hitting $1.69 billion and gross margin growing to 24.8%. Market analysts have given GFS a Hold rating with a consensus price target of $40.55 based on current market conditions.
GFS's strategic growth plans set it apart from other best tech stocks. The company committed $16 billion in June 2025 to boost its US manufacturing capabilities at its New York and Vermont facilities. This major investment brought partnerships with industry leaders like Apple, SpaceX, AMD, and Qualcomm.
The company's growth extends beyond US borders. GFS invested €1.1 billion in its Dresden facility and bought Singapore's Advanced Micro Foundry in November 2025. The company's smart "China-for-China" strategy helps it handle geopolitical challenges well.
GFS makes a solid choice for investors looking to diversify their semiconductor stocks list. The company's focus on specialized markets points to promising growth, with earnings expected to reach $1.89 per share in 2026.
Comparison Table
| Company (Ticker) | Market Position/Specialty | Recent Financial Performance | Notable Developments/Initiatives | Analyst Outlook/Ratings | Key Financial Metrics |
| Atomera (ATOM) | Proprietary Mears Silicon Technology (MST®) developer | Q3 2025: Net loss reached $5.60M ($0.17 per share) | Mutually beneficial alliance with capital equipment maker; Wei Na joined as VP of Sales | Revenue expected to grow 300% in 2026 | $20.30M cash reserves (Sept 2025) |
| TSMC | World's largest dedicated semiconductor foundry | Q4 2025: Revenue hit $33.05B with 20.4% yearly growth | Mass production of 2-nanometer chips starts in 2025; US investment totals $165B | "Strong Buy" consensus; 30% revenue growth expected in 2026 | 59% gross margin; P/E ratio 27.7x |
| ASML | 94% market share in lithography equipment | Q3 2025: Total net sales of €7.5B, net income of €2.1B | Exclusive provider of EUV lithography technology | Bernstein raised rating to "Outperform"; PT: $1,528 | Market cap: $419B (Dec 2025) |
| NVIDIA (NVDA) | 92% market share in discrete GPU | Q3 FY26: Revenue reached $57B with 62% yearly increase | Secured $500B in orders through 2026 | 39 "Buy" vs 1 "Hold" and 1 "Sell"; PT: $264.97 | Data center revenue: $51.20B in Q3 FY26 |
| ON Semiconductor (ON) | Power and sensing solutions provider | Revenue at $6.19B TTM; -12.0% quarterly decline | Focus shifts to silicon carbide technology | "Moderate Buy" rating; PT range: $50-$85 | 18.5% operating margin; P/E ratio 85.2x |
| Micron (MU) | Memory chip manufacturer | Stock price grew 239% in 2025 | Ends Crucial consumer brand; HBM capacity sold out for 2026 | "Strong Buy" (25 buy, 2 hold); PT: $333.58 | Forward P/E: 9.12x |
| GlobalFoundries (GFS) | World's third-largest chip foundry | Q3 2025: Revenue hit $1.69B, 24.8% gross margin | US manufacturing gets $16B; Dresden facility expands by €1.1B | Hold rating; PT: $40.55 | EPS expected at $1.89 for 2026 |
Conclusion
Semiconductor stocks will be one of the best investment opportunities in 2026 without doubt. These companies could reach $2 trillion by 2032, which shows their amazing growth potential for smart investors. The seven stocks we looked at bring something special to any diverse portfolio. Atomera leads with its game-changing MST technology. TSMC rules manufacturing. ASML holds a monopoly on vital equipment. Nvidia dominates AI. ON excels in power solutions. Micron leads in memory, and GlobalFoundries offers specialized foundry services.
Wall Street experts see this potential clearly. They keep strong buy ratings on most of these companies even after years of great performance. Their confidence comes from real industry growth rather than market hype. The industry is about to hit $1 trillion in sales. AI server spending should reach $312 billion. These numbers point to plenty of room for growth ahead.
Smart investors should research these companies thoroughly before jumping in. The Intellectia.ai AI Screener makes a great starting point. This tool helps you filter the market quickly to find companies that will benefit from the Gemini 3 trend. You might find Google's suppliers or spot competitors who are ordering more chips. The AI Stock Picker gives useful, informed recommendations daily if you want quick insights.
Supply chain problems, political tensions, and changing demand patterns challenge the semiconductor industry. Your investment strategy should line up with long-term growth instead of short-term price swings. On top of that, it helps to spread investments across multiple semiconductor stocks to alleviate company-specific risks while staying exposed to this fast-growing sector.
Past success never guarantees future returns. The forces driving chip demand keep getting stronger. These seven stocks represent the semiconductor world's different parts. You can build your portfolio based on which technology trends you believe in most. Semiconductor stocks are the life-blood of any growth-focused investment plan for 2026 and beyond, whether you choose industry giants or rising stars.
