2 Top Semiconductor Stocks to Buy Before Artificial Intelligence (AI) Sends Them Soaring
Semiconductor stocks have taken a hammering in the past month, which is evident from the 11% decline in the PHLX Semiconductor Sector index. A big reason behind the index's drop is the ongoing trade war triggered by the tariffs imposed by the Trump administration on Canada, Mexico, and China, along with the reciprocal tariffs that the U.S. plans to impose on April 2.The trade war has dampened economic sentiment in the U.S., and there are fears that the tariffs could lead to increased costs for major technology companies such as Apple and Nvidia. Semiconductor stocks have been caught in the midst of the trade war as the risk-off sentiment on Wall Street means that wary investors have started booking profits during these times of uncertainty.What's worth noting is that investors have been overlooking the solid results delivered by companies in the semiconductor sector of late, driven by a major catalyst in the form of artificial intelligence (AI). However, the recent pullback in semiconductor stocks means that investors can now get their hands on some top names in this sector at relatively attractive valuations.Continue reading
Semiconductor stocks have taken a hammering in the past month, which is evident from the 11% decline in the PHLX Semiconductor Sector index. A big reason behind the index's drop is the ongoing trade war triggered by the tariffs imposed by the Trump administration on Canada, Mexico, and China, along with the reciprocal tariffs that the U.S. plans to impose on April 2.
The trade war has dampened economic sentiment in the U.S., and there are fears that the tariffs could lead to increased costs for major technology companies such as Apple and Nvidia. Semiconductor stocks have been caught in the midst of the trade war as the risk-off sentiment on Wall Street means that wary investors have started booking profits during these times of uncertainty.
What's worth noting is that investors have been overlooking the solid results delivered by companies in the semiconductor sector of late, driven by a major catalyst in the form of artificial intelligence (AI). However, the recent pullback in semiconductor stocks means that investors can now get their hands on some top names in this sector at relatively attractive valuations.
