Chip stocks look poised to make another run, especially Broadcom, according to the charts

  • 📰 CNBC
  • ⏱ Reading Time:
  • 3 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Advanced Micro Devices Inc News

Broadcom Inc,NVIDIA Corp,Entertainment

Todd Gordon breaks down the charts in the semiconductor sector and Broadcom.

Semiconductor shares have been underperforming the broader markets since an early August swoon caused investors to focus on a rotation into defensive and cyclical areas of the market. The charts indicate it may be time to look at chip stocks once again. The news flow is chalk full of scary factors including volatile seasonal comparisons, an uncertain path of Federal Reserve rate cuts, geopolitical conflicts, and a potentially tumultuous election.

Click here for the full disclaimer.

 

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

Ireland Ireland Latest News, Ireland Ireland Headlines