In this article, we will discuss: 10 Best Semiconductor Stocks to Buy According to Billionaires.
On June 24, Cantor Fitzgerald semiconductor analyst CJ Muse remarked on CNBC’s Squawk on the Street that limited memory supply could support earnings growth until 2028, claiming that supply conditions in 2027 will tighten even more than in 2026. Despite strong fundamentals, Muse forecasts that investors will react to sluggish second-derivative growth following quarterly reports. He also stated that bullish projections suggest around $200 in calendar-year earnings per share next year, providing the possibility for higher value multiples assuming compute demand endures until 2029 and 2030, CNBC reported.
Muse told CNBC that extra demand beyond TSMC’s sold-out manufacturing capacity has gone to Intel rather than Samsung, solidifying Intel’s position as a domestic chip producer. He gave credit for networking-chip progress to hyperscale cloud demand and optical networking but warned against new entrants targeting data-center chips, stating that the market required long-term execution. Muse described custom AI chips as a natural step for large AI developers and pointed out that limited manufacturing capacity should benefit leading compute and custom-silicon providers, per CNBC.
With that said, here are the 10 Best Semiconductor Stocks to Buy According to Billionaires.
For illustration purposes only. Photo from Pixabay/Pexels
Methodology:
To collect data for this article, we used our stock screeners to identify semiconductor stocks with the highest number of billionaire holders at the end of Q1 2026, as per the Insider Monkey database. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. The following are the Best Semiconductor Stocks to Buy According to Billionaires.
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10. QUALCOMM Incorporated (NASDAQ:QCOM)
Number of Billionaire Holders: 25
Reuters reported on June 24 that QUALCOMM Incorporated (NASDAQ:QCOM) is set to acquire AI startup Modular in an all-stock deal worth nearly $4 billion. Through the acquisition, Qualcomm will gain software that enables AI models to run across different chips without requiring developers to write separate code for each processor.
The acquisition also puts Qualcomm in competition with CUDA, the software platform that has been central to Nvidia’s dominance in AI by helping build a large developer ecosystem around its chips.
As part of the deal, Qualcomm expects to issue up to 19.2 million shares of its common stock to Modular’s equity holders.
Founded in 2022, Modular has raised $380 million, including $250 million in a September funding round. Reuters also cited The Information reporting that Qualcomm is also discussing a potential $8 billion to $10 billion acquisition of artificial intelligence chip startup Tenstorrent.
QUALCOMM Incorporated is a firm that develops and markets core technologies and products for mobile devices and other wireless products. It functions in Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives divisions.
9. Synopsys, Inc. (NASDAQ:SNPS)
Number of Billionaire Holders: 26
Synopsys, Inc. (NASDAQ:SNPS) is among the Best Semiconductor Stocks.
On June 23, Piper Sandler upgraded Synopsys, Inc. to “Overweight” from Neutral. The analyst raised the price target to $550 from $450 on the shares.
Analyst Clarke Jeffries said the firm expects a faster-than-anticipated recovery in Synopsys’ intellectual property business. The analyst noted improving expectations for Intel’s 18A-P manufacturing node as a practical alternative to constrained Taiwan Semiconductor Manufacturing capacity. Jeffries said that the shift could speed up the recovery of intellectual property demand at Intel, which is Synopsys’ largest customer.
Earlier, on May 27, Reuters reported that Synopsys, Inc. reached a settlement with Elliott Investment Management, appointing managing partner Jesse Cohn to its board and expanding the board to 11 members.
The chip design software maker said Cohn will also join the corporate governance and nominating committee. Cohn said the firm is in the right direction to benefit from rising AI investment and growing engineering complexity.
Reuters also reported that Elliott pushed for stronger margins and financial execution after building a multibillion-dollar investment in the corporation.
Synopsys, Inc. is a chip design software maker. It also provides semiconductor intellectual property products. It works through the Design Automation and Design IP segments.
8. Intel Corporation (NASDAQ:INTC)
Number of Billionaire Holders: 32
Intel Corporation (NASDAQ:INTC) is among the Best Semiconductor Stocks.
On June 23, The Wall Street Journal reported that Intel Corporation’s stock has climbed more than 550% over the past year since new chip partnerships and support from President Donald Trump lifted investor interest. However, the company still faces manufacturing challenges.
The report stated that Trump converted previously committed US manufacturing funding into a 10% government equity stake last August. It also said Nvidia pledged to invest $5 billion and collaborate on CPU designs, Google partnered with Intel on CPUs and AI chips, Elon Musk tapped Intel for his chip-fab project, and Apple agreed to work with the firm on chip design and manufacturing.
The WSJ reported that the tech firm has started shipping chips built on its 18A manufacturing process. Chief Financial Officer David Zinsner said yields have not yet reached levels that hold up gross margins.
The report also said Intel Corporation’s segment Intel Foundry had about $5.4 billion in Q1 revenue and posted a $2.4 billion operational loss. Earlier this month, Bank of America analyst Vivek Arya upgraded Intel to Buy. The analyst underlined manufacturing progress, new external customers, and growing artificial intelligence demand.
Intel Corporation designs, manufactures, and sells computer goods and technologies. It provides computing, networking, data storage, and communication platforms. The company operates in four segments, including Client Computing Group, Data Center and AI, Intel Foundry Services, and All Other.
7. ASML Holding N.V. (NASDAQ:ASML)
Number of Billionaire Holders: 33
ASML Holding N.V. (NASDAQ:ASML) is among the Best Semiconductor Stocks.
On June 19, Reuters reported that ASML Holding N.V. denied ever shipping an EUV lithography machine to China after concerns raised by US officials. The company said in an emailed statement it had “never shipped an EUV machine to China nor have we shipped to China any component, module, or equipment specially designed to be used in an EUV machine.”
Reuters cited Bloomberg reporting that U.S. Commerce Secretary Howard Lutnick raised concerns that an EUV tool may have reached China in violation of export restrictions. ASML Holding N.V. said it “consistently adjusted its business” to comply with evolving controls.
Separately, the Dutch Ministry of Foreign Affairs said exports require licenses under strict rules and enforcement. Reuters also pointed out that Washington proposed legislation in April, urging allies to align export controls, with equipment made by the semiconductor firm named in the legislation. Earlier reporting noted Chinese efforts to develop domestic EUV technology.
ASML Holding N.V. engages in the development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems. It includes lithography, metrology and inspection systems.
6. Applied Materials, Inc. (NASDAQ:AMAT)
Number of Billionaire Holders: 34
On June 23, BofA bumped up its price objective on Applied Materials, Inc. (NASDAQ:AMAT) to $720 from $540. The firm maintained a “Buy” rating on the stock.
The firm updated its semiconductor industry models and price objectives to show revised industry estimates. BofA raised its 2030 total semiconductor market forecast to $2.7 trillion from $2.3 trillion. BofA stated that the higher forecast is mainly because of growth in memory and data center markets, with extra support from reviving automotive and industrial demand.
On June 16, Reuters reported that EssilorLuxottica and Applied Materials, Inc. signed a long-term contract to make augmented reality display technology and artificial intelligence glasses. The companies said they will scale marketing of artificial intelligence glasses and focus research and development on advanced optical technologies.
Reuters reported that EssilorLuxottica already sells Ray-Ban and Oakley smart glasses through its partnership with Meta, while Applied Materials supplies special tools used to produce the ultra-thin semiconductor layers required for AR displays.
Applied Materials, Inc. is a firm that provides materials engineering solutions used in semiconductor manufacturing. Its segments include Semiconductor Systems and Applied Global Services.
5. Micron Technology, Inc. (NASDAQ:MU)
Number of Billionaire Holders: 35
Micron Technology, Inc. (NASDAQ:MU) is among the Best Semiconductor Stocks.
On June 24, Reuters reported that investors are gearing up for volatility ahead of Micron Technology, Inc. earnings, as sharp semiconductor swings and large flows tied to SpaceX are disrupting markets. Analysts forecast the semiconductor firm to post Q3 profit growth exceeding 1000% and revenue jumping nearly 285% YoY, Reuters said.
The stock has surged by 740% over the past year, lifting the market value to $1.20 trillion. Meanwhile, the Nasdaq has dipped more than 5% after a record run, Reuters noted. Chief equity market strategist at Morningstar, Michael Field, said investors are weighing whether the pullback triggers “a domino effect” or proves to be temporary.
Reuters said concerns over stretched valuations are still there, even as AI pushed spending supports earnings. Partner at Cherry Lane Investments in New Vernon, New Jersey, Rick Meckler said growth is real, but assumptions look “extreme.” Meanwhile, Kenny Polcari, who is chief market strategist at Slatestone Wealth, warned stocks “priced for perfection” risk sharp pullbacks if results disappoint.
Micron Technology, Inc. provides innovative memory and storage solutions. It operates in the Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit segments.
4. Lam Research Corporation (NASDAQ:LRCX)
Number of Billionaire Holders: 38
On June 11, Barclays analyst Tom O’Malley raised his price target on Lam Research Corporation (NASDAQ:LRCX) to $335 from $275. The analyst maintained an “Overweight” rating on the shares. He pointed out a wafer-fab-equipment capital spending cycle that appears “much stronger across the board.” O’Malley said industry sales could exceed $200 billion in 2027. He also added that investors have already shifted their focus toward 2028 demand projections.
On June 23, BofA raised Lam Research Corporation’s price target to $480 from $330. The analyst is bullish and maintains a “Buy” rating on the stock. BofA updated semiconductor industry models and lifted its 2030 total addressable market forecast to $2.7 trillion from $2.3 trillion. The firm attributed the increase primarily to expected growth in memory and data-center markets, along with a recovery in automotive and industrial demand.
Lam Research Corporation designs, manufactures, markets, and provides semiconductor processing equipment used in the fabrication of integrated circuits. It functions through United States, China, Europe, Japan, Korea, Southeast Asia and Taiwan segments.
3. Broadcom Inc. (NASDAQ:AVGO)
Number of Billionaire Holders: 41
Broadcom Inc. (NASDAQ:AVGO) is among the Best Semiconductor Stocks.
On June 5, Bloomberg reported that Broadcom Inc. is shifting away from acquisitions since Chief Executive Officer Hock Tan stated that accelerating artificial intelligence growth is a stronger driver of returns. Tan said at the Bloomberg Tech conference that “artificial intelligence revenue is surging” and that “what can I buy that would come close to that?”
Tan told Bloomberg that acquisitions can distract both the company and its customers. He also commented that demand for AI infrastructure remains “almost insatiable.” He stressed the firm’s focus on supplying networking gear and custom accelerators that power AI systems, projecting that segment could exceed $100 billion in revenue by fiscal 2027.
The pivot marks a break from Broadcom Inc.’s deal-centric strategy, following acquisitions including VMware, Symantec Enterprise Security, and CA Technologies since 2016.
Bloomberg reported that shares fell on June 4 after the corporation issued a forecast that disappointed Wall Street. Tan called the environment “very surreal” and said that he remains focused on “fundamentals” rather than stock price swings.
Broadcom Inc. is a multinational technology business that designs, develops, and sells semiconductors and infrastructure software solutions. It works through Semiconductor Solutions and Infrastructure Software divisions.
2. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Billionaire Holders: 53
On June 10, Bloomberg reported that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) posted a 30% jump in May sales because of sustained demand tied to global artificial intelligence infrastructure buildouts. The company had May revenue of NT$416.98 billion ($13.2 billion). Bloomberg calculations showed combined April and May sales rising about 24% YoY.
Analysts expect second-quarter sales to jump roughly by 35%, Bloomberg reported. The report said TSMC has become a critical supplier for AI chips. It is producing semiconductors for companies including Nvidia and Advanced Micro Devices as major tech firms ramp up spending.
Chief Executive Officer C.C. Wei told shareholders earlier this month that global chip supply will remain limited for years, similar to Nvidia CEO Jensen Huang, who said supply remains tight.
Bloomberg noted that TSMC raised its whole-year outlook in April. The firm expects capital spending to be toward the upper end of its forecast of up to $56 billion in 2026. It also pointed out exposure to weaker smartphones and consumer demand.
Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and wafer-based semiconductor devices.
1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Billionaire Holders: 53
NVIDIA Corporation (NASDAQ:NVDA) is among the Best Semiconductor Stocks.
On June 15, CNBC reported that NVIDIA Corporation plans to raise at least $20 billion through an investment-grade bond sale, marking its first such issuance since 2021. CNBC noted an SEC filing and sources familiar with the matter. The filing disclosed the offering without a size, while sources said the total could approach $25 billion.
An Nvidia spokesperson told CNBC the company will use proceeds for “general corporate purposes,” including refinancing existing debt. The AI chipmaker has about $7.5 billion in long-term debt and $1 billion in short-term debt.
Shares rose 3.5% on Monday. Growth has accelerated sharply, and revenue reached $216 billion in fiscal 2026 as compared to $27 billion in fiscal 2022.
CNBC reported NVIDIA Corporation had $49 billion in free cash flow in its latest quarter, from $35 billion a year before. It is also planning to return roughly half of its free cash flow to shareholders this year.
NVIDIA Corporation designs and manufactures computer graphics processors, chipsets, and related multimedia applications. It functions in graphics processing unit and compute and networking segments.
