ASML's worse-than-expected third-quarter earnings report and forecasted lower sales for next year have caused the Dutch chipmaker to lose a massive $55 billion in stock value in just two days. However, the weak outlook for non-AI chip demand raised concerns across the market, causing other semiconductor stocks in the United States and Asia to drop. But despite the recent downturn, their year-to-date gains remain massive and much bigger than last year's.
According to data presented by Stocklytics.com, the world's top three semiconductor giants, Nvidia, Taiwan Semiconductor Manufacturing, and Broadcom, have collectively added a whopping $2.7 trillion to their stock values year-to-date, or twice as much as last year.
Nvidia's YTD Gain is Still a Massive 163%, TSMC and Broadcom Follow with 80% and 57% Growth
After a challenging year in 2023, the global semiconductor industry got back on track for recovery in 2024, fuelled by a surging AI chip sale, driving the stock value growth of the biggest semiconductor companies. Although ASML's worse-than-expected Q3 earnings report shook up the market, causing all major semiconductor stocks to drop, their year-to-date gains still exceed those seen in 2023 by a large margin.
In January, the combined market cap of Nivida, Taiwan Semiconductor Manufacturing, and Broadcom, the three largest semiconductor manufacturers globally, amounted to $2.28 trillion. Since then, this figure has jumped by an impressive $2.7 trillion and hit almost $4.2 trillion yesterday, showing an 84% increase in ten months. Moreover, this means the three semiconductor giants have increased their stock values twice more in ten months of the year than in the entire 2023.
And while all three tech giants added hundreds of billions of dollars to their market cap since the beginning of the year, Nvidia (NVDA) remains undoubtedly the best performer in the group. The world's second-largest tech company and the biggest semiconductor company by market cap is having another fantastic year. After ending 2023 as the best S&P 500 performer with a 236% gain, Nvidia added more than two trillion dollars to its stock value year to date, or $1.14 trillion more than in the entire 2023. In January, Nvidia's market cap amounted to $1.2 trillion; now it's $3.22 trillion.
The stock value of Taiwan Semiconductor Manufacturing (TSM) jumped by $431 billion, or 80% year-to-date, the second-highest increase in this group. Statistics show the market cap of the Taiwanese tech giant hit $970.5 billion, up from $539 billion in January. The US semiconductor manufacturer Broadcom added over $300 billion to its stock value in ten months and hit a market cap of almost $822 billion this week.
Samsung and ASML Trail Behind the Market with a Collective Loss of $121 Billion YTD
Unlike these three tech giants, which saw double and triple-digit gains in 2024, the stocks of Duch-based ASML Holding and the South Korean tech giant Samsung remain in the red zone with a negative year-to-date return.
The stock value of the Duch chipmaker has dropped by a huge $133 billion since mid-July, while its year-to-date loss is much smaller and amounts to $10.8 billion. That is ten times less than the loss of the South Korean tech giant Samsung. The world's largest memory chip, smartphone, and TV maker is having a rough year in 2024.
The company faced a sharp drop in demand for consumer electronics, particularly memory chips like NAND and DRAM, which form a considerable part of its business. This led to a cut in chip production, affecting investor confidence. As a result, Samsung's stock value plunged by a massive $110.6 billion or 27% year-to-date. In January, the company's market cap amounted to over $400 billion, and now it's $290 billion.
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