1 Hot EV Chip Stock Investors Love, but Is It Really a Buy?
Small automotive chip designer indie Semiconductor (NASDAQ: INDI) turned in another financial report card featuring fast growth. Second-quarter sales increased a whopping 102% year over year to $52.1 million, meeting its own guidance for a $205 million to $210 million annualized revenue run-rate.
The company has also been peeling back the veil on some of its specific chip designs to give investors a clearer view of exactly what it's working on these days.
A lot of investors are enthralled with indie's fast rise the last couple of years. I had a small position for a while. However, there are still risks to keep front-of-mind for this tiny fabless semiconductor company (meaning it engineers chips but doesn't manufacture them). Give these points a close look before deciding whether to buy.
Source Fool.com
