Today's video focuses on Taiwan Semiconductor Manufacturing Company (TSM 4.37%), Nvidia (NVDA 2.94%), Alphabet (NASDAQ: GOOGL) (GOOG 0.87%), and Crowdstrike (CRWD +0.74%). All four companies are down substantially from 52-week highs but have numerous growth opportunities. Here are some highlights.
- Data centers continue to be vital customers for semiconductor companies, and spending doesn't seem to be slowing down. TSMC reported 55% year-over-year (YOY) revenue growth in its monthly revenue report for April 2022, and during its most recent earnings, its segment that deals with semiconductors for data centers grew 26% YOY and became its highest-revenue segment for the quarter.
- Nvidia is another semiconductor company that provides solutions for data centers, as 42% of total revenue came from its data center solutions during its most recent earnings. Unfortunately, a dark cloud looms over Nvidia due to concerns about consumer spending decreasing, causing its stock price to drop over 45% from its 52-week high.
- Crowdstrike is a cybersecurity company that continues to grow at impressive levels. In its most recent earnings report, on March 9, the company reported a 65% YOY increase in annual recurring revenue growth and that it continues to improve its cash flow from operations. Crowdstrike earnings are scheduled for June 2, after the market closes.
*Stock prices used were the market prices of May 16, 2022. The video was published on May 16, 2022.
