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Chip stocks have been through wild swings, but analysts still like these names — giving one 97% upside

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Morningstar Inc,Magnachip Semiconductor Corp,Samsung Electronics Co Ltd

Semiconductor stocks have been volatile, with the VanEck Semiconductor ETF falling 11.6% last Friday. But pockets of value still exist, Morningstar says.

Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Overall, the index has plunged 26% since mid-August, including Friday's declines. Before that, the index was going through wild swings, first diving in July before recovering in early August, then tumbling again. The ETF is still up about 27% year-to-date, however.

Top stock picks Its top picks include Taiwanese firms TSMC and GlobalWafers. It describes the former as a "primary" AI beneficiary, being "immune" to shifts between cloud AI and edge AI as both depend on TSMC. Edge AI involves running AI algorithms directly on a user's device, be it a smartphone, laptop or wearable, among other things.

 

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