Tech Sell-Off: 1 Semiconductor Growth Stock to Buy Now and Hold Forever
What do your smartphone, your TV, your new car, and even your favorite gaming console have in common? They're powered by advanced computer chips, commercially known as semiconductors. The presence of these critical hardware components continues to expand as more consumer products come with digital capabilities, and that's a big opportunity for investors. By some estimates, the chip industry could be worth over $1 trillion annually within the next decade.
Cohu (NASDAQ: COHU) is a semiconductor-service company that provides equipment and services to the world's largest chip producers, helping them expand capacity and improve their processes to meet soaring demand. Cohu stock is a bargain right now amid the broader tech sell-off which has sent the Nasdaq-100 index 31% lower year to date, so here's why it might be time to buy in.
Cohu manufactures testing and handling equipment for the chip production process. It plays a crucial role in ensuring semiconductors meet quality standards throughout fabrication, which increases output and ensures the end-user gets a product that performs as intended.
Source Fool.com
