3 Semiconductor Growth Stocks That Have Soared This Month
Investors are in the middle of digesting one of the most important earnings seasons in recent memory and trying to gauge how consumers and businesses are coping with rapidly rising interest rates and multi-decade-high inflation.
The semiconductor industry is a good bellwether for the health of the broader economy because advanced computer chips are finding their way into an increasing number of products and services. If the chip sector does well, it's a hint that consumers and businesses are still spending money.
Cohu (NASDAQ: COHU), MKS Instruments (NASDAQ: MKSI), and Axcelis Technologies (NASDAQ: ACLS) have all reported their financial results for the second quarter of 2022 in the past 30 days, and all three stocks have recorded strong gains since. Here's why it's not too late to buy in.
Source Fool.com
