7 Best Semiconductor Stocks to Buy Now
Uncertainty on Wall Street means even the best semiconductor stocks continue to struggle. Shortages remain across the sector while industries from consumer electronics to automotive manufacturing vie for the limited supply. Chipmakers have ramped up production, but the bottleneck comes from a lack of enough fabrication plants, or fabs. Fortunately, semiconductor manufacturers are working to address the issue. Research from SEMI, a global association, highlights , “There are 25 new construction projects of volume fabs in 2022… Fab equipment spending for 2022 is expected to break the $100 billion mark.” For now, however, investors remain wary of semiconductor shares. Exchange-traded funds (or ETFs) tracking the chip sector, such as the Invesco Dynamic Semiconductors ETF (NYSE: PSI ), and the iShares Semiconductors ETF (NASDAQ: SOXX ), have fallen around 36% year-to-date (YTD). In comparison, the SP 500 Index has dropped 17% over the same period. The ongoing supply-chain crisis is undeniably significant but will likely be alleviated as production begins in the new facilities.
7 Best Semiconductor Stocks to Buy Now
Uncertainty on Wall Street means even the best semiconductor stocks continue to struggle. Shortages remain across the sector while industries from consumer electronics to automotive manufacturing vie for the limited supply. Chipmakers have ramped up production, but the bottleneck comes from a lack of enough fabrication plants, or fabs. Fortunately, semiconductor manufacturers are working to address the issue. Research from SEMI, a global association, highlights , “There are 25 new construction projects of volume fabs in 2022… Fab equipment spending for 2022 is expected to break the $100 billion mark.” For now, however, investors remain wary of semiconductor shares. Exchange-traded funds (or ETFs) tracking the chip sector, such as the Invesco Dynamic Semiconductors ETF (NYSE: PSI ), and the iShares Semiconductors ETF (NASDAQ: SOXX ), have fallen around 36% year-to-date (YTD). In comparison, the SP 500 Index has dropped 17% over the same period. The ongoing supply-chain crisis is undeniably significant but will likely be alleviated as production begins in the new facilities.