This Is the Cheapest Stock in My Portfolio

The semiconductor sector is very interesting right now. The industry appeared to be set for a big acceleration following the pandemic-related market turbulence. However, with fears of a recession looming, the sector has sold off due to its historically cyclical characteristics.

Yet in every cycle, the semi industry makes higher highs and higher lows. With the rapid growth of artificial-intelligence-based computing platforms, cloud computing, the Internet of Things, edge computing, and autonomous electric vehicles, semiconductor applications are broadening beyond just PCs and mobile phones. With increasing diversification, it's possible -- though not a certainty -- the semiconductor sector may perform better than expected in the next downturn. Meanwhile, several such stocks are already discounting the next drop.

The sector is also home to the cheapest stock in my portfolio.

Source Fool.com