Finding stocks to buy now is essential in today’s changing financial markets to maximize portfolios and take advantage of upcoming trends. When choosing these stocks, it’s important to investigate the market dynamics and strategic elements that make particular stocks excellent investment options. Understanding these dynamics may help investors handle technology developments, industry-specific growth prospects, and economic swings better. Here, the main factors that make these equities appealing are highlighted rather than the specific firms themselves.
Indeed, a company’s valuation growth trajectory is majorly based on factors. These include financial health, strategic relationships, and technical breakthroughs. Concentrating on stocks with these positive characteristics can earn significant gains. Three stocks are prime examples of companies prospering because of their market flexibility, tech leadership, and solid financial performance.
Therefore, these companies are selected for their potential to deliver substantial price gains linked to advancements in cutting-edge processors, sophisticated semiconductor manufacturing, or innovative financial solutions. Act now, or risk regretting it forever—these are the stocks to buy before it’s too late.
Advanced Micro Devices (AMD)
Advanced Micro Devices (NASDAQ:AMD) is a leader in high-performance semiconductor chips. By forming strategic alliances with top tech companies, AMD has increased market penetration and expanded the acceptance of its product portfolio. Because of partnerships with vital tech industry leads the company’s solutions can be rapidly integrated into various platforms and systems.
Additionally, considerable enterprise adoption momentum is reflected in AMD’s EPYC processor’s power installations with major companies, including American Airlines (NASDAQ:AAL), DBS (OTCMKTS:DBSDF), Shell (NYSE:SHEL), and STMicro (NYSE:STM). AMD’s product line has been an element for the top-line boost in several markets, including its Instinct GPUs and EPYC CPUs. In less than two quarters, the Instinct MI300X GPU—dubbed the fastest-rising product in AMD history—has exceeded $1 billion in cumulative sales.
In short, AMD’s solid strategic alliances in the AI and data center markets result in higher sales of advanced CPUs and GPUs, earning its stock a spot on the stocks to buy now list.
Taiwan Semiconductor Manufacturing (TSM)
As a leading manufacturer of semiconductors worldwide, Taiwan Semiconductor Manufacturing (NYSE:TSM) focuses on cutting-edge process technology. The company’s 3-nanometer and 5-nanometer advanced process technologies are in great demand and greatly increase the company’s income. Process technology based on 3 nanometers accounted for 9% of wafer sales in the first quarter. Additionally, 5-nanometer and 7-nanometer accounted for 37% and 19%, respectively. Advanced technologies, classified as 7-nanometer and smaller, constituted 65% of the entire top-line generated by wafers.
Moreover, the market demand for these cutting-edge technologies highlights TSM’s technological competence and product demand. This is especially true in high-performance computing (HPC) and AI-related applications. With income coming from various platforms, TSM has a broad revenue base. These include Data Center Enterprise (DCE), smartphones, IoT, automobiles, and HPC. Hence, the rise in revenue contribution from HPC and IoT platforms indicates TSM’s flexibility in responding to changing market conditions and its ability to serve a wide range of clientele.
In summary, because of its technological leadership at nodes like 3-nanometer and 5-nanometer, TSM can capture the chip demands for AI and advanced applications. With that, TSM remains one of the major stocks to buy now in the semiconductor industry.
Block (SQ)
Block (NYSE:SQ) is a leader in financial services, offering Bitcoin-related products and digital payment solutions. The company derived a $2.09 billion gross profit in Q1 2024, a considerable rise of 22% over Q1 2023. The stable increase in gross profit demonstrates the business’s capacity to bring money from a sizable market for its offerings, including Bitcoin-related goods and services.
Moreover, Block’s adjusted EBITDA nearly doubled from Q1 2023 to $705 million. Similarly, adjusted operating income reached $364 million, a seven-fold increase over the previous year. Adjusted EBITDA and operating income have increased significantly. This indicates the company’s efficient operations and successful cost-control measures.
Further, In Q1, Cash App’s gross profit came to $1.26 billion, a 25% rise from the previous year. The significant increase highlights how crucial it is to Block’s income stream. Overall, Block’s sharp financial results include a notable increase in gross profit attributed to its Cash App. This makes the stock an appealing option for stocks to buy now in fintech.
As of this writing, Yiannis Zourmpanos held long positions in AMD and TSM. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.