AMD and 4 other chip stocks to buy have ‘valued’ during a recession

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

S&P 500

and

Dow Jones Industrial Average

down 1.8% and 1.4%, respectively.