Chip Stocks Rally Expected As Biden’s Address on 29/11 Approaches🥳🥳🥳

Biden’s 1st stop after Thanksgiving will be a visit to Bay City, Michigan on 29/11. He will address and discuss his administration’s policies that helped spur chip production in states like Michigan. When he does, it will boost chip stocks across the country🥳🥳🥳 as he will be touting the economic benefits of helping 🇺🇸-based chip makers and highlight the potential of the sector as a whole.

A quick glance at chip stocks performance on 23/11 shows bullish signs🤩😍🥳 $Semiconductor Bull 3X Shares(SOXL)$ $AMD(AMD)$ $NVIDIA Corp(NVDA)$ 

It was recently reported that chip stocks are facing a troubling economic landscape amid weakening PC demand. However, that doesn’t mean that chip makers are destined for a difficult year ahead. WHY❓

(1) Biden has prioritised boosting chip production throughout his time in office. ‼️ Most notably, he signed the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) Act.

(2) Semiconductors are also an essential part of EV production, an area in which demand has spiked in 2022 and is expected to keep increasing🥳🥳🥳

🤓 What are Some Chip Makers that Supply EVs❓

(1) $Qualcomm(QCOM)$ ➡️ is 🇨🇳 EV makers top choice‼️ XPEV, NIO, Li Auto all use QCOM’s flagship Snapdragon SA8155P chip in their vehicles👍👍👍

(2) $NXP Semiconductors NV(NXPI)$ Is highly concentrated on supplying auto technology as it has a broad portfolio of solutions from actual battery management and powertrain parts to infotainment to advanced driver assist (ADAS) hardware.

🏆This is significant, because when NXP lands a deal for 1 part of a vehicle, it has the opportunity to cross-sell its portfolio on other fronts as well😉

(3) Texas Instruments (TXN) is an industry bellwether poised for steady growth. TXN produces all sorts of hardware needed in computing systems and electronics and the automotive industry is a top purchaser.

⭐️ TXN provides components for EVs and hybrid cars in areas like battery management, charging, transmission, and power-steering parts. Paired with its digital chips, these analog parts (chips that interacts with real-world inputs) make TXN a top way to play the technological advance of vehicles.

Fellow 🐯🐯🐯, which EV chip stocks are you bullish for❓

Do share your thoughts in the comments section and please help to click on the “Like” and “Share/Repost” buttons, so that more 🐯🐯🐯 can access this information, many thanks🤗🥰

As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰

Source Websites: South China Morning Post & Motley Fool. 

@TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion (24/11)

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Modify on 2022-11-24 17:10

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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  • The impact of these policies on the semiconductor industry is limited.
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  • Yes, this is definitely good news for AMD.
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  • DonnaMay
    ·11-27
    Let me see if the chip sector can surprise us.
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  • Maria_yy
    ·11-27
    Maybe now is the best time to bargain NVDA.
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  • Don't be too optimistic, the semiconductor industry is not out of the winter.
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  • thanks you very much ❤️❤️❤️
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    • LMSunshine
      Welcome🥰 If you enjoy reading my posts, yoi can follow me and be updated whenever I post🤓
      11-26
      Reply
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  • SGboy
    ·11-25
    Thanks gor sharing.
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    • LMSunshine
      By the way,do you collect tiger coins? If yes, would you like me to @you when there's activities to win coins?
      11-26
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    • LMSunshine
      Welcome, thanks for your continual support, appreciate it loads🥰
      11-26
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  • JC888
    ·11-25
    Will EU chip policy and US chip policy clash big time? Or will they collaborate and be a win-win situation?
    Looks like all regions/continents are looking inwards gradually.... Dangerous times ahead...
    Then again - how long will it take for them to be both productive n profitable?
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    • LMSunshine
      What are your thoughts on your own questions? Do you think chips will recover soon & why? Would love to hear them🤗
      11-26
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  • Qcom & Nvdia is a good bet
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    • LMSunshine
      Thanks for sharing your thoughts🥰 Hope to hear more from you in my future posts🤓
      11-26
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  • PhilipChow
    ·11-24
    Looking forward for TSM, NVDA, AMD
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    • LMSunshine
      Thanks for sharing your thoughts, love the convo🤩 By the way, do you want to tag 4 friends in Daily Discussions Mon-Fri for 10coins each day? If no, then I won’t remind you as I don’t want to flood your notifications unnecessarily. Let me know😉
      11-26
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  • WebbBart
    ·11-24
    I am holding soxs. 40%+ loss. Sad for me.
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    • cuteypie
      OK
      11-24
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    • LMSunshine
      My SPXU is a loss too…Hoping there will be a bear rally for me to sell off.
      11-24
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    • LMSunshine
      Sorry to hear that…Maybe see if before 29/11, if there’s a bad day for chips, quickly average down and sell off? That’s what I usually do when I buy thw wrong inverse ETF.
      11-24
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  • cant believe the chips rallied so much. do they still have room to rise?
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    • LMSunshine
      I personally think so-especially TSM & chip stocks for EV
      11-24
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  • thanks for sharing
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    • LMSunshine
      Welcome, happy to share🤗 If you enjoy reading my post, you can follow me and be updated whenever I post🤓
      11-24
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  • SureWin88
    ·11-24
    [Cool] [Cool] [Cry]
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    • LMSunshine
      Your chip stocks not doing well?
      11-24
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  • Patmos
    ·11-24
    E xcellent Art icle
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    • LMSunshine
      Thanks🥰 If you enjoy reading my post, you can follow me and be updated whenever I post🤓
      11-24
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  • B.C
    ·11-28
    Thanks
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  • albert77
    ·11-27
    ok
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  • boonk
    ·11-26
    Kk
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  • jason90
    ·11-26
    Ok
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  • dallanube
    ·11-26
    to the mars!
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    • LMSunshine
      Hopefully🥳🥳🥳
      11-27
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