Better Buy: Intel vs. Micron Technology
The PHLX Semiconductor Sector Index has shed more than 23% of its value in 2022, which is a tad surprising as the booming demand for chips has led to sharp growth in the semiconductor industry's revenue.
In 2021, the global semiconductor industry recorded $556 billion in revenue, an increase of 26% over the prior year. The strong sales trend has continued in 2022, with monthly sales exceeding $50 billion in both January and February. But the broader sell-off in tech stocks has kept semiconductor stocks from exploding on the market. Intel (NASDAQ: INTC) stock is down 11% this year, while Micron Technology (NASDAQ: MU) has suffered a bigger drop of 25%.
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Source Fool.com
