The semiconductor segment is not a good place to put your money in right now. In the case of companies like NVIDIA, Qualcomm, Micron and AMD, you will likely find a better entry point because things look to be headed down before they move up again. Intel is in a long-term bind and is not recommended any time in the near future. Therefore, selling Micron, AMD and NVDA instead sounds like a good plan.
There are a couple of stocks that stand out however.
TSM is one that benefits by virtue of being a low-cost manufacturer and despite all fabless players looking desperately to diversify their supply chains, these things take time. So in the meantime, TSM is the only hope for many, especially given its prowess at the leading edge.
Another stock that is usually a good defensive play isTexas Instruments. The fact that it has its own fabs and relatively low exposure to Asian manufacturing is an added advantage.
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