Connect with us

Hi, what are you looking for?

Stock

3 Chip Stocks that Are a Better Buy Than NVIDIA

Stock Markets41 minutes ago (Jun 24, 2021 07:30PM ET)

(C) Reuters. 3 Chip Stocks that Are a Better Buy Than NVIDIA

Over the last month, semiconductors have started outperforming as the chip shortage is getting worse. While Nvidia (NASDAQ:NVDA) is up 40%, investors should look at more undervalued stocks like Semtech (NASDAQ:SMTC (NASDAQ:SMTX)), Diodes (NASDAQ:DIOD), and Amkor Technology (NASDAQ:AMKR).One of the major stories over the past couple of months is the semiconductor shortage. This has been a persistent problem for a variety of industries such as computer hardware, automakers, and home appliances.

According to Susquehanna Financial Group, semiconductor lead times have increased to 18 weeks from 13 at the start of the year. Another indication of tight supply is many companies raising prices with the latest example being Taiwan Semiconductor increasing prices by 20%.

While the tight supply conditions of the chip industry have negative implications for many industries, it’s certainly positive for chip stocks. We’ve already seen impressive gains in many names as the VanEck Vectors Semiconductors ETF (SMH) is up 14.5% since mid-May, while one of the leading chip companies – NVIDIA (NVDA) is up by more than 40%. However, going forward I expect some of the laggards in the industry to outperform, such as Semtech (SMTC), Diodes (DIOD), and Amkor Technology (AMKR).

Continue reading on StockNews

3 Chip Stocks that Are a Better Buy Than NVIDIA

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stock

Stock Markets25 minutes ago (Jul 16, 2021 05:46PM ET) (C) Reuters. FILE PHOTO: Johnson & Johnson’s Neutrogena Cool Dry Sport sunscreen, which is part...

Tech

Builders, creators and developers, this one’s for you! TechCrunch has always been about discovering fresh solutions and shining the light on exciting, new products...

Disclaimer: Wisegazette.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Wise Gazette. All Rights Reserved