To The Moon

Semiconductor stocks performance is the key barometer for the broader market and economy. Chips are used in appliances, data centres, gaming, EVs and even artificial intelligence. Have the semiconductor stocks bottomed yet? In my humble opinion NO. With inflation at all time high, rising interest rates, the war in Ukraine, increasing oil prices, the global economy is slowing down. Hence there is lesser demand for chips. However there are still demand for chips especially in the EV industry. Elon Musk said that his gigafactories in Austin and Berlin are "burning furnaces" due to supply constraints of raw materials especially chips. Data centres are still humming along as their demand for chips continue to grow. I like $VanEck Vectors Semiconductor ETF(SMH)$ as it is diversified and minimises my risk on single stocks. Its share price has fallen 8.94% in the last 3 months. Its Top 10 holdings include Taiwan Semiconductor Manufacturing Company, Nvidia, Texas Instruments, Analog Devices, Broadcom, Intel, ASML, AMD, Qualcomm and Lam Research Corp. In the short term, there is much volatility in the semiconductor stocks, but in the long term, companies like TSML, Nvidia and AMD will continue to grow exponentially. This is a great opportunity to buy $VanEck Vectors Semiconductor ETF(SMH)$ to hold long term. @TigerEvents@TigerStars@MillionaireTiger@CaptainTiger @Mainstreet_Trades