5 Undervalued Semiconductor Stocks to Buy and Hold
Undervalued semiconductor stocks have declined sharply in 2022, pushing many stocks to 52-week lows. Supply-chain issues have yet to be ironed out and the 40-year high inflation has only added to suppliers’ woes. Despite these challenges, the demand for semiconductors remains strong worldwide. Recent research highlights that the global semiconductor “market is projected to grow from $483.00 billion in 2022 to $893.10 billion by 2029, at a CAGR of 9.2% in forecast period.” Presently, however, investor optimism for semiconductor stocks is still subdued. Accordingly, the PHLX Semiconductor Sector index has fallen around 24% year-to-date (YTD). In comparison, the SP 500 index has only dropped 14%. Despite recent challenges, the semiconductor sector is poised to gain significant ground in the future. An increasing number of industries, such as robotics, artificial intelligence (AI), electric vehicles (EVs) and household goods have started utilizing semiconductors in new and exciting ways.
5 Undervalued Semiconductor Stocks to Buy and Hold
Undervalued semiconductor stocks have declined sharply in 2022, pushing many stocks to 52-week lows. Supply-chain issues have yet to be ironed out and the 40-year high inflation has only added to suppliers’ woes. Despite these challenges, the demand for semiconductors remains strong worldwide. Recent research highlights that the global semiconductor “market is projected to grow from $483.00 billion in 2022 to $893.10 billion by 2029, at a CAGR of 9.2% in forecast period.” Presently, however, investor optimism for semiconductor stocks is still subdued. Accordingly, the PHLX Semiconductor Sector index has fallen around 24% year-to-date (YTD). In comparison, the SP 500 index has only dropped 14%. Despite recent challenges, the semiconductor sector is poised to gain significant ground in the future. An increasing number of industries, such as robotics, artificial intelligence (AI), electric vehicles (EVs) and household goods have started utilizing semiconductors in new and exciting ways.