In this piece we will look at the 5 High Growth Semiconductor Stocks to Buy Now. Please visit 12 High Growth Semiconductor Stocks to Buy Now if you’d like to see an extended list and how we came up with the list of High Growth Semiconductor Stocks to Buy Now.
5. Analog Devices, Inc. (NASDAQ:ADI)
EPS Growth Next 5 Years: 30.12%
Number of Hedge Fund Holders: 109
Analog Devices, Inc. (NASDAQ:ADI) is one of the High Growth Semiconductor Stocks to Buy Now. Recently, on June 24, Stifel raised the firm’s price target on Analog Devices, Inc. (NASDAQ:ADI) from $450 to $498 and maintained a Buy rating on the shares.
The rating follows the company’s strong Q2 2026 earnings posted on May 20. During the quarter, Analog posted $3.62 billion in revenue and topped the expectation of $3.52 billion. The EPS of $3.09 also topped the expected $2.91. The performance was driven by a 56% year-over-year growth in the Industrial Business segment. This segment is the largest segment, which contributes 50% to the total revenue.
Management issued robust Q3 2026 guidance with a revenue midpoint of $3.9 billion and adjusted EPS of $3.30, significantly higher than the analyst consensus of $3.62 billion and $3.00.
Stifel noted that the raised price target is based on strong earnings, as it validates the firm’s thesis from last quarter. Stifel noted that analog companies, including Analog Devices, Inc. (NASDAQ:ADI), were poised for a potential breakout in 2026. Stifel believes that despite the broader tech sector sell-off, Analog Devices remains an attractive buying opportunity.
Analog Devices Inc. (NASDAQ:ADI) is a global semiconductor company and a specialist in data conversion, signal processing, and power management chips. Analog’s technology is used across diverse industries, including healthcare, automotive, and communications.
4. Intel Corporation (NASDAQ:INTC)
EPS Growth Next 5 Years: 76.00%
Number of Hedge Fund Holders: 112
Intel Corporation (NASDAQ:INTC) is one of the High Growth Semiconductor Stocks to Buy Now. On June 23, Bank of America Securities raised the firm’s price target on Intel Corporation (NASDAQ:INTC) from $135 to $160 and maintained a Buy rating on the shares.
The firm noted updating its semiconductor industry models and price objectives to bring them in line with the industry-wide estimates. As per the new model, BofA is more bullish on the semiconductor sector as a whole, as it sees a greater total addressable market. The firm now forecasts the global semiconductor industry will reach $2.7 trillion by 2030, up from a prior estimate of $2.3 trillion.
The biggest contributors to this upgraded outlook are memory and data center, which are seen as the primary growth engines driving the expansion. Additionally, the firm sees incremental upside from a gradual recovery in the automotive and industrial markets, which have faced cyclical pressure in recent years.
Intel Corporation (NASDAQ:INTC) is a semiconductor company specializing in computing & related end products and services through its CCG, DCAI, and Intel Foundry segments.
3. Lam Research Corporation (NASDAQ:LRCX)
EPS Growth Next 5 Years: 33.61%
Number of Hedge Fund Holders: 123
Lam Research Corporation (NASDAQ:LRCX) is one of the High Growth Semiconductor Stocks to Buy Now. On June 23, Bank of America Securities raised the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) from $330 to $480 and maintained a Buy rating on the shares.
The rating comes after a 16% increase in share price for LRCX over the past month. The gains have been driven by increased AI-related demand for memory and advanced packaging. Management anticipates advanced packaging revenue will grow over 50% in 2026, led by high-bandwidth memory and 3D integration requirements for AI workloads.
BofA noted that the firm updated its financial model and price targets for the semiconductor industry. As a result, the firm has turned more bullish on the stock and anticipates the global semiconductor industry to reach $2.7 trillion by 2030, up from the previous estimates of $2.3 trillion.
Lam Research Corporation (NASDAQ:LRCX) supplies semiconductor manufacturing equipment and services globally.
2. Advanced Micro Devices, Inc. (NASDAQ:AMD)
EPS Growth Next 5 Years: 62.83%
Number of Hedge Fund Holders: 134
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the High Growth Semiconductor Stocks to Buy Now. On June 24, UBS raised its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) from $455 to $670, while maintaining a Buy rating on the shares.
The firm noted that its bullish sentiment on the stock is becoming incrementally more positive, driven by a notable shift in how the market is deploying computing infrastructure. UBS believes that standalone CPU racks are becoming more popular with wider adoption.
The firm also likes the company’s competitive edge in core density and multithreading, combined with its deep roots in the x86 software ecosystem. UBS believes that these capabilities make AMD’s processors particularly well-suited for traditional workloads that are now being woven into agentic AI applications.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.
1. Broadcom Inc. (NASDAQ:AVGO)
EPS Growth Next 5 Years: 56.11%
Number of Hedge Fund Holders: 173
Broadcom Inc. (NASDAQ:AVGO) is one of the High Growth Semiconductor Stocks to Buy Now. On June 24, Reuters reported that OpenAI, in partnership with Broadcom Inc. (NASDAQ:AVGO), released its first custom AI chip, called the Jalapeño. This marks an important milestone for both companies.
The report noted that this chip has been designed specifically for inference, which is a process by which AI models process data and respond to users. Broadcom’s CEO Hock Tan told Reuters the chip is competitive with Nvidia’s Blackwell GPUs and Google’s tensor processing units.
As per Reuters, OpenAI plans to deploy Jalapeño by the end of this year, with the chip already running in labs at target power and performance levels using its GPT-5.3-Codex-Spark model. Management noted that the design took roughly nine months, aided in part by AI-assisted engineering, before being sent to TSMC for manufacturing. Celestica will build the server systems that house the chips.
Broadcom Inc. (NASDAQ:AVGO) is a technology company that specializes in semiconductor devices (through the Semiconductor Solutions segment) and infrastructure software solutions (through the Infrastructure Software segment).
While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about the cheapest AI stock.
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