9 Best Semiconductor Stocks of June 2023

Semiconductors form the backbone of the global tech industry. These silicon-based materials are the basic components for the microchips that power computers, smartphones and the internet. Without semiconductors the entire global economy would rapidly grind to a halt.

Investing in semiconductor stocks is a great way to boost your portfolio. Over the last year, the VanEck Semiconductor ETF (SMH) outperformed the SPDR S&P 500 ETF (SPY) by nearly 20%, fueled by demand for semiconductors in the growing field of artificial intelligence.

To help you find the assets best suited to your investing strategy, Forbes Advisor has curated a list of nine of the best semiconductor stocks on the market today. These stocks have a proven track record of growth, and analysts forecast each of them to keep growing earnings in the years to come.