An updated screen highlights chip makers expected to show high-double-digit growth rates, along with some surprisingly low stock valuations
Following Nivida Corp.’s last blowout quarterly earnings report in August, we screened semiconductor stocks to see which industry players were expected by analysts to increase their revenue most quickly over the next two years. At that time, Nvidia ranked second to Wolfspeed Inc. But the analysts have updated their estimates and rolled out new 2025 numbers for some of the companies, so it is time for another screen.
Something else to keep in mind is that commonly used forward price-to-earnings valuation ratios are based on 12-month estimates. These are available by clicking the tickers for any stock in this article. But for a company such as Micron Technology Inc. MU, -0.26%, this forward P/E ratio isn’t available because the company — a large industry name with a market cap of nearly $76 billion — isn’t expected to return to profitability until the fiscal quarter that will end on Aug. 31, 2024.
Among the 60 companies, consensus sales estimates are available through calendar 2025 for 52 of them, up from 48 when we last screened the group in August, with Micron a notable addition. Wolfspeed WOLF, -2.40% moves down to the third position because Nvidia’s consensus 2025 sales estimate has increased since we pulled data for the previous screen on Aug. 24, but also because the consensus 2025 sales estimate for Wolfspeed has declined to $1.683 billion from the previous $1.737 billion estimate.
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