Are Microchip Stocks a Buy Right Now?
So far, 2022 has been a rough year for microchip stocks. Semiconductor stocks tend to more than double the return of the S&P 500 market index in the long run, but the broader market is down by 13% this year and the chip sector is falling twice as fast instead.
It's not hard to see why investors are so concerned with the long-term prospects of computer chip stocks. The chip shortage that started in the summer of 2020 is still going on, and the global economy isn't doing too hot in general. Inflation hangs like a dark cloud over many of the world's largest economies, including the U.S. market. And just when it finally looked like the COVID-19 pandemic might be under control, the monkeypox virus raised a whole new set of public health concerns.
Against that murky backdrop, could this be a good time to invest in microchip stocks? Let's take a look.
Source Fool.com
