Don't be scared by the volatility, keep buying chip stocks into year-end, says Cantor

Investors shouldn't let this summer's market volatility stop them from scooping up shares of semiconductor names, Cantor Fitzgerald says. "Our call — just keep truckin' on amidst the current mid-cycle correction and remain overweight semiconductors," wrote analyst C.J. Muse in a note to clients over the weekend.

Wall Street is paying rapt attention for signs that customers are continuing to spend on the technology, even as some megacaps face backlash over their lack of an immediate profit payoff . Cantor Fitzgerald warns that the recent roller-coaster market action may continue in the face of persistent geopolitical risks, macroeconomic uncertainties and concern about the rate of economic growth in China. Against this backdrop, Muse urges investors to "stick with AI first and foremost.

Canada Canada Latest News, Canada Canada Headlines

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

Buy the dip in these bitcoin mining stocks, Cantor Fitzgerald saysBitcoin was no exception to Monday's broad market rout, which makes it a good time to buy certain mining stocks, Cantor Fitzgerald says.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street's Cantor Fitzgerald to Open Bitcoin Financing, Lending BusinessDanny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
Source: CoinDesk - 🏆 291. / 63 Read more »

Stock market today: Plunge worries investors, but experts say don't panicWaking up to news of a large stock market drop rattled many investors in Chicago and beyond, but those with experience in the field say it's not a reason to panic for most.
Source: ABC7Chicago - 🏆 284. / 63 Read more »