Business
AMD, Nvidia and 3 other chip stocks to buy have ‘valued’ in a recession
Five chip stocks are seen by KeyBanc Capital Markets as buying opportunities after the share price of the semiconductor industry plummeted this year.
The iShares Semiconductor (SOXX), an exchange-traded fund that tracks the performance of the ICE Semiconductor Index, is down 30% this year. In midday trading on Monday, the ETF fell 0.9%; The S&P 500 and Dow Jones Industrial Average fell 1.4% and 1.1%, respectively.