2 Semiconductor Stocks That Could Go Parabolic
Global semiconductor sales shot up to an all-time high of $556 billion in 2021, rising 26% over the prior-year period as a record 1.15 trillion chips were shipped last year despite the industry facing a supply crunch.
It looks like 2022 could turn out to be another landmark year for the semiconductor industry as sales hit $52.5 billion in February, rising 32.4% over the same month in 2021. The sector generated $50.7 billion in revenue in January 2022, indicating that this market is off to a hot start this year.
By 2030, global semiconductor sales are expected to exceed $1 trillion, which is why investors looking to add some long-term winners to their portfolios should take a closer look at this sector.
Source Fool.com
