What are the best semiconductor stocks for 2022 and beyond? The semiconductor shortage was big news in 2021, but with so many different companies in the semiconductor sector, it can be challenging to know which are the top stocks to buy now.
As I have discussed previously, I believe semiconductors are the new oil. Think about it for a minute. Consider all the secular growth trends and disruptive innovations we are experiencing and will continue to experience over the next decade. Here are several to consider:
- Data centers
- Cloud computing
- Cybersecurity
- Space exploration
- Video gaming
- Online gambling
- Augmented reality (AR)
- Virtual reality (VR)
- Mixed reality (MR)
- Autonomous driving
- Electric vehicles
- Genomics
- Esports
- 5G
- E-commerce
- Cryptocurrency
- Artificial intelligence (AI)
- The metaverse
- Big Data
What do all these growth trends have in common? They all require semiconductors. So which stocks are the best to own? In today's video, I discuss my top semiconductor stocks to buy now for 2022 and beyond.
Stock pick No. 10 is Taiwan Semiconductor (TSM 2.71%). TSM is the world's largest semiconductor foundry, controlling over half of global market share. The company has over 11,500 products and uses over 275 unique technologies. It's easy to argue that TSM stock has the largest moat in the semiconductor sector, so it has to be included on the list. For more insights as to why TSM stock isn't ranked higher, please watch the video.
I'll provide 10 total stocks over two articles and videos. In the video below, I cover a background on the semiconductor industry and stock picks six through 10. This video series is well worth your time. Please watch and subscribe.
*Stock prices used in the below video were during the trading day of Jan. 18, 2022. The video was published on Jan. 18, 2022.
