So, you've got $1,000 in cash, just sitting in your portfolio and waiting to be invested in a high-conviction market segment. If anything is a fairly safe bet, it's that the need for microprocessors won't disappear anytime soon. After all, microchips power people's cars, computers, phones, and more.

Perhaps you'd prefer to choose domestic chipmakers, as international investing can be complex and -- to modify an old Warren Buffett principle -- you should never invest in anything you don't understand. Thus, we can narrow down our targets to a pair of blue chip chipmakers -- one that's loved and another that's hated on Wall Street. It's possible, then, to park the lion's share of your $1,000 in the more confident pick, while also giving the unfavored semiconductor giant a moderate allocation.

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Source Fool.com