4 Semiconductor Stocks to Buy as Q3 Sales Soar on Robust AI Demand

What happened: Global semiconductor sales totaled $517.7 billion in the third quarter, up 24.1% from the second quarter, the Semiconductor Industry Association said. Why it matters: SIA president and CEO Michael Robbins said worldwide sales rose more than 20% quarter to quarter for the third consecutive quarter. The article says AI-related chip stocks have been sold off on valuation and sustainability concerns, but strong earnings and optimistic guidance from leading chipmakers have helped ease investor concerns. Market: -0.6% today ($419.06), +54.0% YTD, 0.1x vol — as of 15:18 UTC

Global semiconductor sales totaled $517.7 billion in the third quarter, up 24.1% from the second quarter, the Semiconductor Industry Association said.

SIA president and CEO Michael Robbins said worldwide sales rose more than 20% quarter to quarter for the third consecutive quarter. The article says AI-related chip stocks have been sold off on valuation and sustainability concerns, but strong earnings and optimistic guidance from leading chipmakers have helped ease investor concerns. Market: -0.6% today ($419.06), +54.0% YTD, 0.1x vol — as of 15:18 UTC