AMD: The Semiconductor Growth Stock to Buy as the Market Rebounds
@CatherineGunter:
Despite heightened uncertainty right now, one thing is crystal clear: Stock market downturns don't last forever. The technology-centric Nasdaq-100 index has plunged beyond the 20% threshold that technically defines a bear market, at one point losing more than 31% from its all-time high. But as the month winds down, it has shaved a few percentage points off that loss as some early evidence emerges that inflation is slowing, and therefore, interest rates might not rise as high as initially expected.Despite the potential that the turnaround has begun, patient long-term investors still have a chance to pick up high-quality stocks at a steep discount. And the semiconductor industry might be a great place to look. Advanced computer chips are in huge demand thanks to the growing digitization of c