3 Semiconductor Stocks That Could Go Parabolic
The semiconductor sector attracted a stampede of bulls last year as the ongoing chip shortage highlighted its secular growth potential. But this year, the bulls retreated amid concerns about sluggish PC sales, cooling economic growth, and a possible overproduction of chips.
Runaway inflation, rising interest rates, supply chain disruptions, the war in Ukraine, and other macro headwinds then exacerbated that pain and drove investors toward more conservative sectors. As a result, the Philadelphia Semiconductor Index lost about 35% of its value this year.
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Source Fool.com