Here we present three semiconductor stocks, CRDO, AVGO and MRVL, which are poised to benefit from a robust demand environment in the data center market.
Currently, just eight vaunted stocks boast market capitalizations of over $1 trillion. This includes six of the Magnificent Seven stocks, as well as Warren Buffett's Berkshire Hathaway NYSE: BRK.A.
The recent dip in the major market indices has included some significant declines in the shares of leading artificial intelligence (AI) companies. Some of these tech stocks had monster runs over the last few years and might have been due for a pullback.
Broadcom Inc (NASDAQ:AVGO) stock was last seen down 3.9% to trade at $181, on track for its third-straight daily drop as the tech sector struggles.
CRK, AVGO and SZKMY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 26, 2025.
AVGO, COMM and DAN made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 26, 2025.
FFIN, SZKMY and AVGO made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 26, 2025.
Just seven public companies boast market capitalizations of at least $1 trillion, as I write this, and other than conglomerate Berkshire Hathaway, each of them is a technology company.
Several stocks involved closely in the AI trade shell out dividend payments, reflecting a nice opportunity for income-focused investors seeking to obtain exposure to the mania.
The U.S. equity market has had a solid run in the past two years, buoyed by a steadily improving macroeconomic environment and strong uptake of artificial intelligence technologies. The benchmark S&P 500 index climbed almost 53% in the past two years.
The market sell-off has harmed multiple companies and even caused a handful to fall out of the $1 trillion valuation club. Broadcom (AVGO 0.55%) and Taiwan Semiconductor Manufacturing (TSM -0.56%) are two companies that have fallen below this exclusive valuation level.
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today March 20th: