"Long-term, we believe the company is on the forefront of the transition to AI workloads," writes one Needham analyst. Read More...
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Semiconductor Stocks Are On the Rise: 3 Companies to Watch Right Now
Semiconductor stocks got clobbered this year, getting hit by the fallout from the U.S. Federal Reserve’s interest rate hikes, China’s weakening economy, a drop in consumer electronics purchases, and a growing risk of a recession in 2023. As measured by the iShares Semiconductor ETF, chip stocks are down over 31% in 2022 compared to a 29% decline for the Nasdaq Composite index. Things were much worse in early October, but they eased somewhat as chip stocks went on a more than 30% rally over the last two months.
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