News Formal

A corner of tech is up 50% from its 2022 lows — and strategists recommend these stocks to play it

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Forget Big Tech. This sub-sector has flown under the radar this year, but has outperformed the Nasdaq, S&P 500 and Dow Jones Industrial Average.

The semiconductor sector has seen quite a turnaround of late. Chip stocks were among the worst performers last year, with the iShares Semiconductor ETF shedding more than 35% of its value. But the sector has been quietly regaining those losses, with the index up nearly 50% from its October lows, outperforming the major U.S. indexes.

" Sylvia Jablonski, CEO at Defiance ETFs, named Nvidia, Advanced Micro Devices and NXP Semiconductors as "leaders in data centers" and said the companies are going to "power the engines" of AI. Asia opportunities UBS, meanwhile, sees pockets of opportunities emerging in Asia's semiconductor industry.

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 NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

President Biden tackles small business issues in State of the Union address - San Francisco Business TimesThe speech outlined big priorities for the administration — and small businesses could see big impacts.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »