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Investors’ confidence in the semiconductor industry is evident from the iShares Semiconductor ETF’s (SOXX) 59.8% return over the past year. The global semiconductor market is expected to reach $778 billion by 2026, registering a CAGR of 7.7%.
Therefore, we think it could be wise to bet on quality large-cap semiconductor stocks such as Broadcom Inc. (AVGO), STMicroelectronics N.V. (STM), United Microelectronics Corporation (UMC), and Qorvo, Inc. (QRVO). They are expected to deliver substantial returns in the near term based on their market dominance, consistent innovations, and diverse portfolio.
