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Chip Stocks Have Stabilized. It's Time to Buy. -- Barrons.com

Now is the time to get in on semiconductor stocks.The growth of artificial intelligence will continue for years, so it makes sense to buy the shares, which have found their footing after a recent decline.The VanEck Semiconductor exchange-traded fund, which offers a relatively pronounced tilt toward AI semiconductor companies, has been a star, with a gain of more than 200% over the past five years. It peaked at almost $302 in August, dropped to $286 this week, and has now inched back up to $291.That is an important movement. The mid-$280s area is where buyers have consistently come in to buy brief dips since early July. The fact that the buying support re-emerged in the same area this week shows the market is still willing to pay up for these companies.Another positive sign is that Broadcom's second-quarter sales and earnings beat expectations. Sales of chips, the largest driver of growth in the quarter, comprise the majority of the business, and were stronger than anticipated, yielding
Chip Stocks Have Stabilized. It's Time to Buy. -- Barrons.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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