Eyes are on Nvidia’s earnings—Yet the chip giant fell short of SA's top 10 semi stocks

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Semiconductor stocks are firmly in the spotlight on Wednesday, as investors take a cautious stance and wait for the much-anticipated earnings release from Nvidia (NASDAQ:NVDA [https://seekingalpha.com/symbol/NVDA]).

As a result, Seeking Alpha compiled a list of the top 10 U.S. semiconductor stocks with a market capitalization of at least $10B, ranked according to its proprietary quant grades.

No. 1: Micron Technology (MU [https://seekingalpha.com/symbol/MU]), quant rating of 4.97.

No. 2: Taiwan Semiconductor Manufacturing Company Limited (TSM [https://seekingalpha.com/symbol/TSM]), quant rating of 4.97.

No. 3: Lam Research Corporation (LRCX [https://seekingalpha.com/symbol/LRCX]), quant rating of 4.73.

No. 4: Analog Devices (ADI [https://seekingalpha.com/symbol/ADI]), quant rating of 4.71.

No. 5: Advanced Micro Devices (AMD [https://seekingalpha.com/symbol/AMD]), quant rating of 4.54.

No. 6: ASML Holding (ASML [https://seekingalpha.com/symbol/ASML]), quant rating of 4.00.

No. 7: First Solar (FSLR [https://seekingalpha.com/symbol/FSLR]), quant rating of 3.88.

No. 8: Microchip Technology Incorporated (MCHP [https://seekingalpha.com/symbol/MCHP]), quant rating of 3.67.

No. 9: Credo Technology Group (CRDO [https://seekingalpha.com/symbol/CRDO]), quant rating of 3.49.

No. 10: Astera Labs (ALAB [https://seekingalpha.com/symbol/ALAB]), quant rating of 3.48.

Notably, shares of NVDA fell just outside the top 10 as it was ranked number 11, with a Seeking Alpha quant rating of 3.46.

For reference, Seeking Alpha's Quant system is driven by powerful computer processing and SA's special 'Quantamental' analysis. It awards grades to stocks based on collective value, growth, profitability, earnings per share revisions, and price momentum metrics.

Moreover, for investors looking to further track the semiconductor space, listed below are some of Wall Street’s more popular focused exchange traded funds.

SEMICONDUCTOR ETFS: (NASDAQ:SMH [https://seekingalpha.com/symbol/SMH]), (NASDAQ:SOXX [https://seekingalpha.com/symbol/SOXX]), (NYSEARCA:SOXL [https://seekingalpha.com/symbol/SOXL]), (NASDAQ:FTXL [https://seekingalpha.com/symbol/FTXL]), (NYSEARCA:XSD [https://seekingalpha.com/symbol/XSD]), (NYSEARCA:USD [https://seekingalpha.com/symbol/USD]), (NYSEARCA:PSI [https://seekingalpha.com/symbol/PSI]), and (NYSEARCA:SEMI [https://seekingalpha.com/symbol/SEMI]).

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