As tech melts down, a truth remains: Semiconductors are eating the world

When tech, and more specifically semiconductor companies, grow, GDP grows. While forecasts vary, McKinsey places the semiconductor industry’s growth to become a trillion-dollar industry by 2030 based on what the consulting firm estimated to be 6% to 8% annual growth and around 2% annual price growth — all depending on the return of balance in supply and demand. Read More...


Tesla Stock: Undervalued and Heading to $1,100, Says RBC

Sentiment is low, everyone is bearish, and the stock market appears to be sinking to the bottom. However, looking at the case for Tesla (TSLA), with shares down ~38% year-to-date, RBC analyst Joseph Spak believes that now is the time to buy the dip. “Near-term set-up seems favorable… With investors primed for lower deliveries, we believe 2Q22 margins can surprise to upside,” Spak opined. The analyst expects Q2 deliveries will drop to 249,000 (compared to Q1’s 310,000), due to the pricing actio

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