Chipmakers are taking a beating, but investment bank CLSA sees one with 37% upside

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

New for subscribers: Chipmakers are taking a beating, but investment bank CLSA sees one with 37% upside. Check out CNBCPro today.

Shares of global chipmakers have taken a beating in recent days, amid a sudden spike in bond yields that saw the 10-year Treasury yield top 1.6% last week.

Technology stocks could be hit hard as investors worry that stocks are too expensive and inflation could rise. But investment bank CLSA is still bullish on one Asian chipmaker — even though it's already risen at least 13% this year, and it surged more than 80% in the last 12 months.

 

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

Pro Recently my friend's baby was diagnosed with acute lymphocytic leukemia & needs a stem cell transplant. Jason & his wife are first-time parents caring for a sick baby & could use some help. If you are in a place to donate or share, it would be appreciated.

Pro I just moved to your city, who wouldn't mind showing me interesting places?

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 US

United States United States Latest News, United States United States Headlines