Stock Market
AMD, Nvidia, and 3 More Chip Stocks to Buy That Have ‘Priced In’ the Downturn
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Five chip stocks are considered buying opportunities by KeyBanc Capital Markets after the semiconductor sector’s big drop in share prices this year.
The iShares Semiconductor (SOXX) exchange-traded fund, which tracks the performance of the ICE Semiconductor Index, is down 30% this year. In midday trading Monday, the ETF was down 0.9%; the S&P 500 and the Dow Jones Industrial Average were down 1.4% and 1.1%, respectively.
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