Semiconductor stocks are looking up after a rough 2022. The iShares Semiconductor ETF is up 11% this year, in stark contrast to the index's 35.8% decline in 2022. The once-booming sector faced a downturn last year, in light of dwindling demand for consumer products such as smartphones and personal computers; supply chain disruptions; and a broad risk-off sentiment in the stock market.
Masters said a driver-assisted traditional vehicle has about $150 worth of electronic content, while a "Level 5" autonomous vehicle has about $1,600 worth of electronic content. "It's their content story that provides a degree of disconnect with the broader auto cycle and provides a degree of resilience in terms of the earnings. In terms of their execution so far, it has been flawless," he said.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »