Tech Stocks to Watch Amid Market Sell-Off: Nvidia, ASML, TSMC

As tech stocks become attractive in a recent market sell-off, key players like Nvidia, ASML, and Taiwan Semiconductor Manufacturing are highlighted due to their positions in AI and semiconductor markets.

Date: 24-03-2025

AI Rating: 7

Market Overview: The report indicates that amidst a recent market sell-off, tech stocks such as Nvidia, ASML, and Taiwan Semiconductor Manufacturing (TSMC) present opportunities for investment. This context suggests potential volatility, as investors look for bargains.

Nvidia: Nvidia is highlighted as a major player, leveraging its dominance in GPUs which are central to AI developments. The report mentions Nvidia's forward price-to-earnings (P/E) ratio as 26, based on current estimates, and a PEG ratio below 0.5, which suggests that the company may be undervalued considering its growth prospects in AI infrastructure spending.

ASML: This company dominates the equipment sector essential for chip manufacturing, with a particular focus on EUV lithography technology. The report notes a forward P/E ratio of 29.5, which improves to 24 based on future earnings estimates, again indicating potential value. ASML's continued technological advancements position it well for future demand from chip manufacturers.

Taiwan Semiconductor Manufacturing: TSMC is labeled as an essential player in the semiconductor industry, enjoying strong market shares and significant pricing power. Its reported forward P/E of 19.5 and a PEG below 0.7 suggest that TSMC is also attractively priced for investors. The company's ability to grow its gross margins alongside rising revenues further underscores its attractiveness.

Stocks: NASDAQ:NVDA NASDAQ:ASML NYSE:TSM