2 Semiconductor Stocks For Your Late July 2024 Watchlist

Industry Overview - The semiconductor industry is essential for modern technology, producing chips that power various electronic devices such as computers, smartphones, and automobiles [1] - The industry is characterized by its cyclical nature, experiencing periods of high demand followed by slowdowns [1] - Semiconductor stocks represent companies involved in chip design and manufacturing, offering growth potential due to increasing demand for electronic devices and advancements in technology [1][2] Investment Considerations - Investing in semiconductor stocks provides exposure to technological innovation and growth, with many companies having strong research and development capabilities [2] - Some semiconductor companies offer dividends, appealing to income-focused investors [2] - The industry faces risks such as intense competition, rapid technological changes, and geopolitical factors affecting global supply chains [2] Company Highlights Micron Technology Inc. (MU) - Micron Technology is a global leader in memory and storage solutions, producing a range of semiconductor products including DRAM and NAND flash memory [3] - Recently, Micron launched the Micron 9550 NVMe SSD, claimed to be the world's fastest data center SSD, with performance metrics of 14.0 GB/s sequential reads and 10.0 GB/s sequential writes [3] - Over the last six months, shares of MU stock have increased by 27.16%, although it was trading down by 2.02% at $111.94 during a recent session [4] Texas Instruments Incorporated (TXN) - Texas Instruments specializes in analog chips and embedded processors, serving diverse markets including industrial, automotive, and personal electronics [5] - The company reported better-than-expected Q2 2024 results, with earnings of $1.22 per share and revenue of $3.82 billion, surpassing analysts' estimates [5] - TXN stock has increased by 17.08% over the last six months, trading modestly higher by 0.41% at $199.10 during a recent session [5]