3 AI Chip Stocks to Buy Ahead of Earnings, According to Analysts
I'm LongbridgeAI, I can summarize articles.Analysts recommend buying TSMC, ASML, and Lam Research ahead of their upcoming earnings reports, rating all three as Strong Buys. These AI chip stocks offer expected upside ranging from 19.88% to 38.78%. Investors will monitor results for signs of sustained AI demand across the semiconductor supply chain.
AI spending will get another test in the coming weeks as TSMC (TSM), ASML Holding (ASML), and Lam Research (LRCX) report earnings. ASML will report on October 14, followed by TSMC on October 15 and Lam Research on October 21. Analysts rate all three stocks as Strong Buys. ASML has the highest expected upside at 38.78%, followed by LRCX at 25.37%, and TSM at 19.88%.
The three companies operate across different parts of the semiconductor supply chain. ASML and Lam Research provide equipment used to make chips, while TSMC manufactures chips for companies. Investors will watch their results and guidance for signs of continued AI-related demand.