2 Semiconductor Stocks You Can Buy Right Away
Market research firm IDC's semiconductor industry report indicates that the demand for chips isn't going to dry up this year. The firm expects the semiconductor market to record 17.3% growth in 2021, up from the 10.8% increase it recorded last year. IDC points out that the semiconductor boom is being driven by smartphones, servers, notebooks, smart homes, gaming, wearables, and automotive, along with robust pricing for memory chips.
Qualcomm (NASDAQ: QCOM) and Advanced Micro Devices (NASDAQ: AMD) are two semiconductor stocks worth buying in the wake of the market's positive outlook. Each is well-positioned to take advantage of fast-growing semiconductor niches. Let's see why.
Image source: Getty Images.
Source Fool.com
