<p>最近，半导体股票的波动性有所增加，投资者越来越密切关注这些公司。这是有充分理由的 - 在市场的许多角落，估值看起来似乎有些过高。对于某些芯片股来说，市场似乎对其未来增长预期过于乐观。毕竟，我们实际上并不知道未来需求被提前拉动了多少 - 只有事后回顾才能知道。</p>
<p>因此，在当前市场中确定哪些芯片股是最佳选择并不是一件容易的事。估值参差不齐，增长预期也是如此。事实上，如果有一个领域可以合理地模拟未来增长，那可能就是这个领域。</p>
<p>让我们试着做到这一点。以下三家芯片股可能是长期投资者在这个领域中的最佳选择。以下是我认为这样的原因。</p>
<h2>本文要点：</h2>
<ul>
<li>顶级芯片股的估值开始大幅分化，使得这个领域成为整体估值最困难的领域之一。</li>
<li>这里有三家顶级芯片股，投资者可能希望开始对它们进行调查，并尝试模拟它们当前的估值与它们未来预计增长速度的关系。</li>
<li>如果您正在寻找一些潜力巨大的股票，请务必获取我们的 <strong>全新 “下一个英伟达” 报告</strong> 的免费副本。它介绍了一家我们确信具有 10 倍潜力的软件公司。</li>
</ul>
<h2>荷兰皇家飞利浦公司（ASML）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2021/10/imageForEntry6-N9j.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2021/10/imageForEntry6-N9j.jpg"/></p>
<p>一张看起来像荷兰皇家飞利浦公司办公大楼的照片</p>
<p>作为一家专门生产硅晶圆的科技巨头，<strong>荷兰皇家飞利浦公司</strong>（NASDAQ:ASML）更像是芯片行业的工具和设备供应商，而不是纯粹的芯片股。该公司受到了该行业需求放缓预期的影响，随着衰退担忧的加剧。值得注意的是，该公司的价格销售倍数仍然高达约 11.5 倍，但从历史角度来看也并非过高。</p>
<p>今年 2 月，荷兰皇家飞利浦公司推出了世界上第一台高 NA 光刻机，可以印刷亚-2 纳米晶体管。到 4 月，该公司成功印刷了 DRAM 和逻辑图案，并与 Imec 合作展示了其生产 9.5 纳米图案的能力。这种合作预计将为 1.4 纳米芯片的生产铺平道路，继续该公司专注于创造可能的最小芯片。</p>
<p>令人印象深刻的是，荷兰皇家飞利浦公司在 6 月季度报告了 67.9 亿美元的销售额，超过了预期。然而，该公司的盈利却出现了 21% 的年同比下滑。</p>
<p>销售额也下降了 12%。对于当前季度，荷兰皇家飞利浦公司将其营收指导降至 76.6 亿美元，低于分析师对 82.4 亿美元的预期。尽管如此，这一数字仍将比去年同期的 70.3 亿美元实现的销售额强劲。</p>
<p>公平地说，荷兰皇家飞利浦公司股票在这个领域更难估值。然而，该公司的极紫外光刻设备对芯片生产至关重要。如果我们要看到最新最先进的芯片投放市场，荷兰皇家飞利浦公司将在技术领域引领潮流。换句话说，这家公司的价值是巨大的，我认为这种情况不会很快改变。</p>
<h2>台积电（TSM）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2018/01/tsmc-taiwan-semiconductor-manufacturing-co.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2018/01/tsmc-taiwan-semiconductor-manufacturing-co.jpg"/></p>
<p>一座台积电办公大楼</p>
<p>今年迄今涨幅达 64% 的 <strong>台积电</strong>（NYSE:TSM）目前正乘着强劲的人工智能芯片需求之浪高飞。作为领先的芯片制造商之一，为英伟达和 AMD 等知名公司提供芯片，台积电的收入绝对飙升。今年 7 月，该公司报告了 45% 的收入增长，这导致 TSM 股票随其他芯片股一起上涨了 1.5%。分析师预计未来几年收入增长将继续保持在 37% 左右，这无疑是一个令人印象深刻的成绩。</p>
<p>台积电是市场上最大的代工芯片制造商，一直在超越预期，为各个领域创造先进芯片。该公司继续为苹果、英伟达和 AMD 等大型科技公司提供服务，增加了其在市场中的规模和重要性。台积电以其 3 纳米和 5 纳米技术而闻名，公司仍然是半导体供应链中的关键参与者。</p>
<p>该公司上个季度强劲的收入增长直接与强劲的客户需求相关。无论是来自 Meta、苹果、英伟达还是其他一系列希望提升人工智能能力的公司的需求，台积电直接或间接提供所需的芯片来支持这一革命。随着更先进的技术的开发，台积电相信将继续获得更多市场份额。因此，对于那些长期考虑这些趋势的人来说，这是一只值得拥有的股票。</p>
<h2>英伟达（NVDA）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/08/GettyImages-631002836-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/08/GettyImages-631002836-scaled.jpg"/></p>
<p>英伟达首席执行官黄仁勋在 CES 活动上</p>
<p><strong>英伟达</strong>（NASDAQ:NVDA）股价上个月下跌了近 20%，但瑞穗证券（Mizuho）是看到显著上涨潜力的分析师之一，称赞其 GPU（尤其是其 Blackwell 芯片）的强劲需求。瑞穗建议投资者关注英伟达在市场上的强劲地位和更高芯片价格的潜力。该公司将英伟达的目标股价上调至 132 美元，预计将增长 26%。</p>
<p>目前，分析师预计英伟达未来 8 年的年复合增长率（CAGR）将继续以惊人的 68% 增长。假设该公司的估值多重会像许多人预期的那样逐渐下降，这将推动英伟达的股价随时间推移而进一步上涨。</p>
<p>我们需要观察动能是否能够持续。事实上，许多投资者将密切关注该公司即将公布的财报。这是因为之前的财报表现出色，比如英伟达在 2023 年第二季度财报中显示出 107% 的年度收入增长，这种增长需要持续。英伟达在人工智能芯片领域的主导地位是不可否认的，该公司成为全球市值最高的公司并非没有道理。</p>
<p>当然，英伟达的估值已经蕴含了大量增长，因此这支股票在当前水平是否真的值得买入，实际上取决于个人投资者对该公司未来五到十年表现的看法。在我看来，英伟达过去的表现似乎预示着它将继续长期表现优异。换句话说，我是那些认为，在没有证据证明相反之前，这家公司目前市场上拥有最强劲增长动力的人之一。因此，在回调时，我认为这支股票看起来是一个购买机会。</p>
<h2>“下一个英伟达” 可能改变你的生活</h2>
<p>如果你错过了英伟达的历史性增长，那么从人工智能中获得改变生活的利润的机会并没有结束。</p>
<p>2009 年首次预测到英伟达人工智能崛起的 24/7 华尔街分析师刚刚发布了一份名为 “下一个英伟达” 的全新研究报告。</p>
<p>点击这里下载您的免费副本。</p>
<p>这些是值得购买的三家最佳半导体股票的相关文章最初发表在 24/7 华尔街。</p>

阿斯麦

台积电

<p>投资者对半导体股的审查加剧，因为估值上升和市场波动。识别具有长期潜力的顶级芯片股票具有挑战性。尽管最近营收下降，但荷兰 ASML 控股公司凭借其光刻技术脱颖而出，而台积电则因人工智能芯片需求推动 64% 的年初至今上涨而蓬勃发展。分析师预测台积电将继续保持强劲增长，这在芯片制造行业至关重要</p>

<p>Semiconductor stocks have seen some increased volatility of late, as investors increasingly scrutinize these companies more closely. There’s good reason for this – valuations do look to be getting stretched in many corners of the market. For certain chip stocks, it does appear that the market may have gotten ahead of its skis, so to speak, on its forward growth estimates. After all, we really do have no idea how much future demand has been pulled forward – we’ll only know in retrospect looking back.</p>
<div class="lb-trans"><p>最近，半导体股票的波动性有所增加，投资者越来越密切关注这些公司。这是有充分理由的 - 在市场的许多角落，估值看起来似乎有些过高。对于某些芯片股来说，市场似乎对其未来增长预期过于乐观。毕竟，我们实际上并不知道未来需求被提前拉动了多少 - 只有事后回顾才能知道。</p>
</div><p>Accordingly, determining which chip stocks are the best picks in this current market isn’t an easy task. Valuations are all over the place, as are growth expectations. Indeed, if there ever was a sector where modeling out future growth made sense, this would probably be it.</p>
<div class="lb-trans"><p>因此，在当前市场中确定哪些芯片股是最佳选择并不是一件容易的事。估值参差不齐，增长预期也是如此。事实上，如果有一个领域可以合理地模拟未来增长，那可能就是这个领域。</p>
</div><p>Let’s try to do just that. The following three chip stocks could be among the best picks in this sector for those with a long-term investing horizon. Here’s why I think that’s the case.</p>
<div class="lb-trans"><p>让我们试着做到这一点。以下三家芯片股可能是长期投资者在这个领域中的最佳选择。以下是我认为这样的原因。</p>
</div><h2>Key Points About This Article:</h2>
<ul>
<li>Valuations among top chip stocks have begun to diverge in a big way, with this sector becoming one of the most difficult to value overall.</li>
<li>Here are three top chip stocks investors may want to start doing their homework on, and try to model out their current valuations relative to how quickly they’re expected to grow over time.</li>
<li>If you’re looking for some stocks with huge potential, make sure to grab a free copy of our <strong>brand new “The Next NVIDIA” report</strong>. It features a software stock we’re confident has 10X potential.</li>
</ul>
<div class="lb-trans"><h2>本文要点：</h2>
<ul>
<li>顶级芯片股的估值开始大幅分化，使得这个领域成为整体估值最困难的领域之一。</li>
<li>这里有三家顶级芯片股，投资者可能希望开始对它们进行调查，并尝试模拟它们当前的估值与它们未来预计增长速度的关系。</li>
<li>如果您正在寻找一些潜力巨大的股票，请务必获取我们的 <strong>全新 “下一个英伟达” 报告</strong> 的免费副本。它介绍了一家我们确信具有 10 倍潜力的软件公司。</li>
</ul>
</div><h2>ASML Holdings (ASML)</h2>
<div class="lb-trans"><h2>荷兰皇家飞利浦公司（ASML）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2021/10/imageForEntry6-N9j.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2021/10/imageForEntry6-N9j.jpg"/></p>
<p>Photo of what appears to be an ASML office building</p>
<div class="lb-trans"><p>一张看起来像荷兰皇家飞利浦公司办公大楼的照片</p>
</div><p>A tech giant specializing in producing silicon wafers, <strong>ASML Holdings</strong> (NASDAQ:ASML) is much more of a picks-and-shovels play on the chip sector than a pure-play chip stock itself. The company has been affected by slowing demand expectations in this sector, as recession concerns have risen. It’s also worth noting that the company’s price-sales multiple does remain high at around 11.5-times, but it’s also not excessively elevated on a historical basis.</p>
<div class="lb-trans"><p>作为一家专门生产硅晶圆的科技巨头，<strong>荷兰皇家飞利浦公司</strong>（NASDAQ:ASML）更像是芯片行业的工具和设备供应商，而不是纯粹的芯片股。该公司受到了该行业需求放缓预期的影响，随着衰退担忧的加剧。值得注意的是，该公司的价格销售倍数仍然高达约 11.5 倍，但从历史角度来看也并非过高。</p>
</div><p>In February, ASML unveiled the world’s first High-NA lithography machine, advancing to print sub-2nm transistors. By April, the company successfully printed DRAM and logic patterns, collaborating with Imec to demonstrate its capability for producing 9.5nm patterns. This collaboration is expected to pave the way for 1.4nm chip production, continuing the company’s focus on creating the smallest chips imaginable.</p>
<div class="lb-trans"><p>今年 2 月，荷兰皇家飞利浦公司推出了世界上第一台高 NA 光刻机，可以印刷亚-2 纳米晶体管。到 4 月，该公司成功印刷了 DRAM 和逻辑图案，并与 Imec 合作展示了其生产 9.5 纳米图案的能力。这种合作预计将为 1.4 纳米芯片的生产铺平道路，继续该公司专注于创造可能的最小芯片。</p>
</div><p>Impressively, ASML reported $6.79 billion in sales in its June quarter, surpassing estimates. The company did, however, fall short on earnings, with the company’s bottom line figure actually dropping 21% year-over-year.</p>
<div class="lb-trans"><p>令人印象深刻的是，荷兰皇家飞利浦公司在 6 月季度报告了 67.9 亿美元的销售额，超过了预期。然而，该公司的盈利却出现了 21% 的年同比下滑。</p>
</div><p>and sales also declined 12%. For the current quarter, ASML lowered its revenue guidance to $7.66 billion sales, which is below analyst estimates of $8.24 billion. That said, this number will still represent strong growth over last year’s $7.03 billion brought in during the same quarter.</p>
<div class="lb-trans"><p>销售额也下降了 12%。对于当前季度，荷兰皇家飞利浦公司将其营收指导降至 76.6 亿美元，低于分析师对 82.4 亿美元的预期。尽管如此，这一数字仍将比去年同期的 70.3 亿美元实现的销售额强劲。</p>
</div><p>To be fair, ASML stock is a more difficult option to value in this space. However, the company’s extreme ultraviolet lithography equipment is essential for chip production. If we’re going to see the latest and greatest chips brought to the market, ASML is going to lead the way on the technology front. In other words, this company’s value is immense, and I don’t think that’s going to change anytime soon.</p>
<div class="lb-trans"><p>公平地说，荷兰皇家飞利浦公司股票在这个领域更难估值。然而，该公司的极紫外光刻设备对芯片生产至关重要。如果我们要看到最新最先进的芯片投放市场，荷兰皇家飞利浦公司将在技术领域引领潮流。换句话说，这家公司的价值是巨大的，我认为这种情况不会很快改变。</p>
</div><h2>Taiwan Semiconductor (TSM)</h2>
<div class="lb-trans"><h2>台积电（TSM）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2018/01/tsmc-taiwan-semiconductor-manufacturing-co.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2018/01/tsmc-taiwan-semiconductor-manufacturing-co.jpg"/></p>
<p>A Taiwan Semiconductor office building</p>
<div class="lb-trans"><p>一座台积电办公大楼</p>
</div><p>Surging 64% year-to-date, <strong>Taiwan Semiconductor</strong> (NYSE:TSM) is a stock that’s currently riding the wave of strong AI chip demand higher. One of the leading chip makers, providing chips for high-profile companies like Nvidia and AMD, Taiwan Semi has seen its revenue absolutely rocket higher. In July, the company reported 45% revenue growth, which led TSM stock to surge 1.5% higher alongside other chip names. Analysts are forecasting growth will continue to come in around 37% in future years, an impressive feat to say the least.</p>
<div class="lb-trans"><p>今年迄今涨幅达 64% 的 <strong>台积电</strong>（NYSE:TSM）目前正乘着强劲的人工智能芯片需求之浪高飞。作为领先的芯片制造商之一，为英伟达和 AMD 等知名公司提供芯片，台积电的收入绝对飙升。今年 7 月，该公司报告了 45% 的收入增长，这导致 TSM 股票随其他芯片股一起上涨了 1.5%。分析师预计未来几年收入增长将继续保持在 37% 左右，这无疑是一个令人印象深刻的成绩。</p>
</div><p>TSMC is the largest contract chipmaker in the market, and it has been exceeding expectations when it comes to creating advanced chips for diverse sectors. The company has continued to serve a wide range of mega-cap tech companies like Apple, Nvidia, and AMD, adding to its scale and importance in the market. TSMC is known for its 3nm and 5nm technologies, with the company remaining a pivotal player in the semiconductor supply chain.</p>
<div class="lb-trans"><p>台积电是市场上最大的代工芯片制造商，一直在超越预期，为各个领域创造先进芯片。该公司继续为苹果、英伟达和 AMD 等大型科技公司提供服务，增加了其在市场中的规模和重要性。台积电以其 3 纳米和 5 纳米技术而闻名，公司仍然是半导体供应链中的关键参与者。</p>
</div><p>The company’s strong revenue growth posted this past quarter can be tied directly to strong customer demand. Whether it’s demand from Meta, Apple, Nvidia or a range of other companies looking to advance their AI capabilities, TSM directly or indirectly provides the chips needed to support this revolution. As more advanced technologies are developed, TSMC believes it will continue to grab more market share. Thus, for those thinking long-term about these trends, this is a stock to consider owning in my view.</p>
<div class="lb-trans"><p>该公司上个季度强劲的收入增长直接与强劲的客户需求相关。无论是来自 Meta、苹果、英伟达还是其他一系列希望提升人工智能能力的公司的需求，台积电直接或间接提供所需的芯片来支持这一革命。随着更先进的技术的开发，台积电相信将继续获得更多市场份额。因此，对于那些长期考虑这些趋势的人来说，这是一只值得拥有的股票。</p>
</div><h2>Nvidia (NVDA)</h2>
<div class="lb-trans"><h2>英伟达（NVDA）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/08/GettyImages-631002836-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2024/08/GettyImages-631002836-scaled.jpg"/></p>
<p>Nvidia CEO Jensen Huang on stage at a CES event</p>
<div class="lb-trans"><p>英伟达首席执行官黄仁勋在 CES 活动上</p>
</div><p><strong>Nvidia</strong> (NASDAQ:NVDA) stock dropped nearly 20% last month, but Mizuho is among the analysts that sees significant upside, citing strong demand for its GPUs (and particularly its Blackwell chips). Mizuho advised investors to focus on Nvidia’s robust market position and potential for higher chip prices. The firm raised its price target for Nvidia to $132, forecasting a 26% increase.</p>
<div class="lb-trans"><p><strong>英伟达</strong>（NASDAQ:NVDA）股价上个月下跌了近 20%，但瑞穗证券（Mizuho）是看到显著上涨潜力的分析师之一，称赞其 GPU（尤其是其 Blackwell 芯片）的强劲需求。瑞穗建议投资者关注英伟达在市场上的强劲地位和更高芯片价格的潜力。该公司将英伟达的目标股价上调至 132 美元，预计将增长 26%。</p>
</div><p>Currently, analysts project Nvidia will continue to grow its revenue at an incredible 68% compounded annual growth rate (CAGR) for the next 8 years. This should propel Nvidia to an even higher price over time, assuming the company’s multiple slowly comes down as many expect.</p>
<div class="lb-trans"><p>目前，分析师预计英伟达未来 8 年的年复合增长率（CAGR）将继续以惊人的 68% 增长。假设该公司的估值多重会像许多人预期的那样逐渐下降，这将推动英伟达的股价随时间推移而进一步上涨。</p>
</div><p>We’ll have to see if the momentum can continue. Indeed, plenty of investor attention will be paid to the company’s upcoming earnings. That’s because the previous earnings beats, such as those seen in Nvidia’s Q2 2023 earnings, which showed a 107% revenue growth year-over-year, will need to continue. Nvidia’s dominance in the AI chip space is undeniable, with the company becoming the most valuable in the world by market capitalization for good reason.</p>
<div class="lb-trans"><p>我们需要观察动能是否能够持续。事实上，许多投资者将密切关注该公司即将公布的财报。这是因为之前的财报表现出色，比如英伟达在 2023 年第二季度财报中显示出 107% 的年度收入增长，这种增长需要持续。英伟达在人工智能芯片领域的主导地位是不可否认的，该公司成为全球市值最高的公司并非没有道理。</p>
</div><p>Of course, Nvidia’s valuation bakes in plenty of growth, so whether this stock is truly a buy at current levels really depends on an individual investor’s view of how the company will continue to perform over the next five to 10 years. In my view, Nvidia’s past performance does appear to be indicative it will continue to outperform over time. In other words, I’m among the group that thinks, until proven otherwise, this is a company with about the most robust tailwinds in the market right now. Accordingly, on pullbacks, I think this stock looks like a buying opportunity here.</p>
<div class="lb-trans"><p>当然，英伟达的估值已经蕴含了大量增长，因此这支股票在当前水平是否真的值得买入，实际上取决于个人投资者对该公司未来五到十年表现的看法。在我看来，英伟达过去的表现似乎预示着它将继续长期表现优异。换句话说，我是那些认为，在没有证据证明相反之前，这家公司目前市场上拥有最强劲增长动力的人之一。因此，在回调时，我认为这支股票看起来是一个购买机会。</p>
</div><h2>“The Next NVIDIA” Could Change Your Life</h2>
<div class="lb-trans"><h2>“下一个英伟达” 可能改变你的生活</h2>
</div><p>If you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.</p>
<div class="lb-trans"><p>如果你错过了英伟达的历史性增长，那么从人工智能中获得改变生活的利润的机会并没有结束。</p>
</div><p>The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”</p>
<div class="lb-trans"><p>2009 年首次预测到英伟达人工智能崛起的 24/7 华尔街分析师刚刚发布了一份名为 “下一个英伟达” 的全新研究报告。</p>
</div><p>Click here to download your FREE copy.</p>
<div class="lb-trans"><p>点击这里下载您的免费副本。</p>
</div><p>The post These Are the 3 Best Semiconductor Stocks to Buy appeared first on 24/7 Wall St..</p>
<div class="lb-trans"><p>这些是值得购买的三家最佳半导体股票的相关文章最初发表在 24/7 华尔街。</p>
</div>

These Are the 3 Best Semiconductor Stocks to Buy

- 半导体股票最近出现了一些增加的波动，投资者越来越密切关注这些公司。这是有充分理由的——市场上许多领域的估值看起来正在变得过高。
- 对于某些芯片股票来说，市场似乎对其未来增长预期过于乐观。我们实际上不知道未来需求被提前拉动了多少——只有事后回顾才能知道。
- 确定在当前市场上哪些芯片股票是最佳选择并不是一件容易的事。估值参差不齐，增长预期也是如此。如果有一个领域需要对未来增长进行建模，那可能就是半导体行业。让我们尝试做到这一点。

以下是最值得购买的三只半导体股票