Chip stocks brush off trade war and rally to near record highs as investors bet on 5G

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Semiconductor companies, especially those that sell heavily to China, have faced major headwinds this year. But investors are betting on a big payoff in 2020.

, experienced a sector sell-off at the end of 2018 but rebounded in 2019. The 5G network, using wireless technology that provides a huge leap in speed and connectivity, will benefit companies, according to analysts.-- up about 38% in 2019 -- has won big with new network roll outs, said Michael Walkley, senior equity analyst at Canaccord Genuity. He doesn't expect 5G to be any different.

Broadcom -- up about 13.5% in 2019 -- stock has failed to keep pace with its competitors because its acquisition of CA Technologies last year confused the market, but it was a wise business-decision in the long run. Retail investor Geoff Regan, who bought Micron about 18 months ago, isn't too concerned about its exposure to China.

Weak demand for chips will continue to weigh on the sector through the end of the year, according to analysts. Trade talks with China impact semiconductor's short-term volatility as well.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

[] [] AMALGAMATED IN HUMAN'S 🇯🇵 ^ [] []

So much permabullshit There is LESS THAN ZERO chance of there being a second half 'pick up' for semiconductor stocks Anyone buying now is like an animal to the slaughter

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The investment chief at $1.5 trillion Prudential Financial told us which sectors she's targeting to beat a stock market that looks 'overbought'Prudential's Quincy Krosby says trade fears and high prices shouldn't keep investors on the sidelines.
Source: BusinessInsider - 🏆 729. / 51 Read more »