2 Semiconductor Stocks That Could Go Parabolic
Semiconductor stocks are performing terribly so far in 2022 as the global chip shortage has knocked the wind out of their sails.
The PHLX Semiconductor Sector index has slipped by 21% year to date. Index components such as Applied Materials (NASDAQ: AMAT) and Qorvo (NASDAQ: QRVO) have been similarly crushed and the two are down 24% and 28%, respectively, of their value in 2022. Their weak performances aren't surprising as supply chain snarls and the geopolitical instability have led their management teams to temper expectations.
However, both of these semiconductor companies are built for growth, and their stocks could regain their mojo and rise rapidly in a short time, bending upward like the right side of a parabolic curve.
Source Fool.com
