3 Semiconductor Stocks to Buy Heading Into September
Broadcom (AVGO) and Micron (MU) are set to report earnings in September, with NVIDIA (NVDA) recently showing strong AI-related growth. Broadcom expects $29.4B revenue with AI semiconductor revenue up 200% YoY. Micron trades at a forward P/E of 6 with $18B in customer deposits and $100B in contracted revenue. NVIDIA reported $96B revenue with a 24 forward P/E.
How this was made
The 30-second read
Why it matters
Fresh guidance from two large‑cap AI hardware suppliers could set the tone for the sector in September, with potential spill‑over to related stocks.
Market read
Both companies are key components of the AI hardware supply chain; their guidance may drive sector momentum.
What to watch
Supply chain constraints and macro‑economic headwinds could limit upside.
Background
The article outlines upcoming AI‑related earnings for three major semiconductor players, highlighting new guidance numbers for Broadcom and Micron.
Ticker impact
Broadcom will report fiscal Q3 on Sep 2 with guidance of $29.4B revenue and $16B AI semiconductor revenue, a fresh earnings guidance release.
Potential upside of 5-8% if guidance holds.
Guidance shows strong AI revenue growth and long‑term visibility, supporting bullish sentiment.
Micron will report fiscal Q4 on Sep 30 with new guidance of $50B revenue and $31 EPS, a primary earnings forecast.
Potential upside of 4-7% on the day of the report.
Guidance indicates record revenue and high margins, reinforcing bullish outlook.
Market effects
AI hardware sector may see broader rally if guidance holds.
U.S. tech stocks could benefit from positive AI earnings outlook.
Strength in AI supply chain may boost global semiconductor sentiment.
Counterpoint
If AI demand softens, guidance could be overly optimistic, leading to a sell‑off.
Key entities
- companyBroadcom
AI semiconductor maker reporting fiscal Q3 guidance.
- companyMicron Technology
Memory supplier reporting fiscal Q4 guidance.
