8 Semiconductor Stocks to Buy on the Dip The macroeconomic and geopolitical environment remains fluid, impairing visibility into a turnaround in equity market sentiment. Tech stocks have led the current market downturn. The SPDR SP Semiconductor ETF (NYSE: XSD ) has fallen about 35% year-to-date (YTD), signaling that chip stocks are in bear-market territory. In comparison, the SPDR SP 500 ETF Trust (NYSE: SPY ) and the Invesco QQQ Trust (NASDAQ: QQQ ) are down about 19% and 27%, respectively. Source: Chart By TradingView Growth in the global chip industry is expected to slow by more than half to 10% in 2022 from 25% in 2021 , Deloitte said in its 2022 semiconductor outlook report. The slowdown was underscored by memory chipmaker Micron (NASDAQ: MU ) in late June when it reported its fiscal year 2022 third-quarter results. Chief executive officer Sanjay Mehrotra said in the release, “Recently, the industry demand environment has weakened , and we are taking action to moderate our supply growth in fiscal 2023.” Outlook Positive For Semiconductor Stocks The mid- and long-term outlook is positive.