2 Semiconductor Stocks That Could Outperform the S&P 500 Over the Next 5 Years
If you want to beat the market's average return, you need to find companies with superior growth prospects than the average company. The S 500 has delivered median annualized earnings growth of 11% since 1989. One industry that is seeing accelerating demand and is positioned for above-average earnings growth is semiconductors.
Let's look at two chip stocks that could crush the market's return over the next five years.
Arm Holdings (NASDAQ: ARM) is a highly profitable business that licenses its chip designs to other semiconductor companies. Nvidia, , and Amazon are some of its more prominent customers. The stock price is up 104% year to date, outperforming the S 500's 15% return.
Source Fool.com