2 Beaten-Down Technology Stocks to Buy Despite Tariffs
Tariff mania has taken all the oxygen out of the room in geopolitics, economics, and especially on Wall Street. For good reason, too. The fees importers must pay on goods coming into the United States from countries such as China could have a wild impact on the United States economy, reverberating around the globe. Stocks have reacted to these uncertain Tariff shocks, posting huge up and down days with weeks of major volatility.
Volatility can be the friend of the long-term investor. Here are two beaten-down technology stocks off around 25% from highs that investors should buy today despite the tariff disruption to our economy.
Computer chips and semiconductors are a great place to look to avoid the tariff mayhem, as the category is exempt from tariffs. Good thing for Taiwan Semiconductor Manufacturing (NYSE: TSM) as the company imports a ton of computer chips into the United States. Otherwise known as TSMC, it is the largest semiconductor foundry in the world, which is a manufacturer that builds and assembles computer chips for third parties such as Nvidia, one of TSMC's most important customers.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is one of the favorites of our community with 28 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 304 € is below the current price of 316.0 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR, so the potential is actually -3.8%.
