Advanced Micro Devices and four other chip stocks are seen by KeyBanc Capital Markets as buying opportunities after semiconductor stocks plummeted this year.
The iShares Semiconductor (ticker: SOXX), an exchange-traded fund that tracks the performance of the ICE Semiconductor Index, is down 30% this year. On Monday, the ETF fell 1.3%; the
Dow Jones Industrial Average
down 1.8% and 1.4%, respectively.