<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3MWqUC_0vPn9yGY00" alt="https://img.particlenews.com/image.php?url=3MWqUC_0vPn9yGY00" width="635" height="400" >For Immediate ReleaseChicago, IL – September 9, 2024 – Today, Zacks Investment Ideas feature highlights Taiwan Semiconductor (TSM - Free Report) , Nvidia (NVDA - Free Report) , Spotify Technology S.A. (SPOT - Free Report) and AppLovin Corp. (APP - Free Report) .3 Strong Tech Stocks to Buy in September: TSM, SPOT, APPToday’s episode of Full Court Finance at Zacks explores the selloff to start September and where the stock market might be headed in the near term. The episode also digs into three Zacks Rank #1 (Strong Buy) technology stocks—Taiwan Semiconductor, Spotify, and AppLovin—that investors might want to buy now in September and hold for long-term upside.Time to Buy Taiwan Semiconductor Stock and Hold Forever?Taiwan Semiconductor Manufacturing Co. physically builds the most advanced, complicated, and microscopic components that drive the global economy and technological progress. TSMC reportedly earned 61% of the semiconductor foundry market share in the fourth quarter of 2023, blowing away second-place Samsung’s 14%.Taiwan Semi is nearly unrivaled, expanding its moat around cutting-edge manufacturing by ramping up its industry-leading 3-nanometer technology.Taiwan Semi’s clients include AI powerhouse Nvidia, Apple, and other tech giants, making TSM stock a play on many of the biggest growth areas across the economy.Taiwan Semi is crucially addressing geopolitical fears by expanding its manufacturing footprint outside of Taiwan, which is supported by its robust balance sheet and government incentives.Taiwan Semi posted a beat-and-raise second quarter, driven by strong AI demand and beyond. Taiwan Semi’s upward EPS revisions earn TSM a Zacks Rank #1 (Strong Buy). Taiwan Semi is projected to grow its adjusted earnings by 25% in 2024 and 28% in 2025 on the back of 24% revenue growth in both years.Taiwan Semi stock more than doubled the Zacks Tech sector over the last 10 years and nearly tripled it during the past two decades. TSM stock has climbed 60% YTD, yet it trades 15% below its July highs and 27% below its average Zacks price target.Taiwan Semi trades at a 40% discount to its 10-year highs at 20.9X forward 12-month earnings and 20% below the Zacks Tech sector.Why Spotify Technology Stock is a Strong BuySpotify Technology S.A. was one of the pioneers of paid streaming music, helping alter the music industry in the same way Netflix changed TV and movies. Despite competition from tech giants, Spotify reportedly held 32% of the global streaming music market share in 2023, blowing away No. 2 Apple Music’s 15%, as well as YouTube’s 14% and Amazon’s 13%.Spotify grew its Premium Subscribers by 80% between Q2 FY20 and Q2 FY24, while monthly active users surged 110%.Spotify's commitment to efficiency and price hikes in back-to-back years have helped it reach a profitability inflection point. SPOT’s FY24 EPS estimate has surged 28% since its Q2 release, with its FY25 figure 22% higher, helping it land a Zacks Rank #1 (Strong Buy).SPOT’s recent bottom-line revisions are part of an impressive trend that’s seen its FY24 EPS estimate skyrocket 930% over the last 12 months, with its FY25 figure up 280%.Spotify is projected to swing from an adjusted loss of -$2.95 a share last year to +$6.37 per share in 2024 and then surge 38% next year. Spotify is projected to grow its revenue by 19% in 2024 and 15% next year to reach $20 billion—doubling revenue between FY20 and FY25.Spotify stock has soared over 300% off its 2022 lows, including a 75% YTD climb. Yet Spotify trades around 10% below its 2021 peaks and 15% under its average Zacks price target.Spotify trades at a 75% discount to its 12-month highs at 44.1X forward 12-month earnings. On top of that, Spotify trades at a 40% discount to the Zacks Tech sector and 41% vs. its highs at 3.5X forward 12-month sales.Why AppLovin is a Must-Own Under-the-Radar Tech StockAppLovin Corp. helps companies and app developers acquire and keep their ideal users, increase value across a customer’s lifecycle, measure their marketing and reach, and much more. AppLovin’s new machine learning and AI engine AXON 2.0 is generating impressive results for its clients in mobile gaming and beyond.AppLovin grew its revenue by 17% last year, following slightly higher 2022 sales and 93% growth in 2021. The app monetization company posted another beat-and-raise quarter in early August, pointing to its potential to expand its market share in mobile gaming and grow into new advertising categories.APP’s FY24 and FY25 earnings estimates surged 14% and 17%, respectively since its last release, with both estimates up 150% from a year ago. AppLovin’s upbeat EPS revisions help it earn a Zacks Rank #1 (Strong Buy).Wall Street fell in love with AppLovin because its new AI-enhanced features are boosting ROIs for APP’s clients, leading to booming sales and earnings for AppLovin. mobile gaming and apps are an under-the-radar growth segment in our smartphone-obsessed world. AppLovin is projected to grow its revenue by 35% in 2024 to help boost its EPS by 255%, with 14% and 20%, respective growth to follow in 2025.AppLovin has soared 800% since the end of 2022, blowing away Nvidia’s 560%. APP stock has popped 105% in the last year, yet it is down 5% from its 52-week highs and 15% below its 2021 peaks.AppLovin trades at over a 95% discount to its three-year highs, 50% below its median, and at a 12% discount to the Zacks Tech sector at 22.2X forward 12-month earnings.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&amp;P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free &gt;&gt;Media ContactZacks Investment Research800-767-3771 ext. 9339Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed&nbsp;that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and&nbsp;is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&amp;P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.</div></body>

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Zacks Investment Ideas feature highlights: Taiwan, Nvidia, Spotify and AppLovin

Chicago, IL – September 9, 2024 – Today, Zacks Investment Ideas feature highlights Taiwan Semiconductor (. 3 Strong Tech Stocks to Buy in September: TSM, SPOT, APP. Today’s episode of Full Court Finance at Zacks explores the selloff to start September and where the stock market might be headed in the near term. The episode also digs into three Zacks Rank #1 (Strong Buy) technology stocks—Taiwan Semiconductor, Spotify, and AppLovin—that investors might want to buy now in September and hold for long-term upside.

Zacks Investment Ideas feature highlights: Taiwan, Nvidia, Spotify and AppLovin

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