Q2 2024: Navigating the Semiconductor Landscape

Digital chip stocks remain overvalued, while analog stocks stay steadily discounted.

As of July 1, the median overall semiconductor stock is 2% overvalued while the median analog stock is 8% undervalued, both an increase from Q1. Still, digital stocks have decreased in their overvalued state dropping from 16% to 11% in the same quarter.

Morningstar’s latest Digital and Analog Semiconductor Industry report highlights the demand for artificial intelligence (AI) and accelerators. This shift is particularly led by Nvidia's data center graphics processing units (GPUs), which continue to surge without signs of slowing down. Explore our predictions based on these emerging trends in the AI GPU market, as well as the recovery of industrial chip demand and growth opportunities in the electric vehicle (EV) semiconductor sector.

Download the report to learn more about key leaders and trends in this developing industry.