Thursday is looking like a miserable day to own semiconductor stocks. Last night, after close of trading, computer memory-maker Micron (NASDAQ: MU) reported a fiscal Q1 2023 loss four times bigger than expected, and added that it also missed on sales. Instead of Wall Street's expected $0.01-per-share loss, Micron lost $0.04 per share in the quarter. Read More...
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2 Magnificent Semiconductor Stocks Down 46% and 51% to Buy Before the Next Bull Market
Legendary investor Peter Lynch once said, “When there’s a war going on, don’t buy the companies that are doing the fighting; buy the companies that sell the bullets.” While numerous companies are fighting for control of end markets like cloud computing, consumer electronics, and electric cars, all of them depend heavily on semiconductors. Building on that, Nvidia (NASDAQ: NVDA) and Taiwan Semiconductor Manufacturing (NYSE: TSM) have seen their share prices plunge 51% and 46%, respectively, but both stocks are well positioned to rebound when economic conditions improve and the next bull market thunders to life.
