Semiconductor Stocks Are Down 22%. Here's the 1 Chip Stock I'd Buy Right Now.
The recent pullback is an incredible opportunity for investors.
Overview
Semiconductor stocks have been the biggest driving force behind the stock market's returns over the last year or so. The sector climbed an astonishing 158% from September until its peak last month. By comparison, the S&P 500 climbed 15.7% during that same period.
But investors have soured on chip stocks recently. The PHLX Semiconductor Sector index is down more than 22% from its peak in just over a month, driven by growing concerns about the sustainability of hyperscalers' massive AI spending. Some of the market's highest flyers have been among the hardest hit in the sell-off, creating buying opportunities for those who still expect strong revenue growth tied to AI expenditures.
Details
Here's the one chip stock I'm buying right now.
Source
Originally published at www.fool.com.