1 Super Semiconductor Stock Down 47% You'll Regret Not Buying on the Dip
The stock market had a rough year in 2022, but the technology sector bore the brunt of the pessimism, with the Nasdaq-100 index falling by 33%. Some areas, however, fared worse than others.
The semiconductor industry is a good example.
The pandemic triggered chip shortages across the world in 2020 and 2021, which gave manufacturers pricing power and drove monumental growth. But as the economy cooled in 2022, production caught up and the industry was left with too much supply, leading to far weaker conditions.
Source Fool.com