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Better Semiconductor Stock: Wolfspeed vs. ASML

TheMotleyFool

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Better Semiconductor Stock: Wolfspeed vs. ASML

The semiconductor industry is a great sector to invest in because numerous secular trends are driving demand. Those trends include the growing markets of artificial intelligence, electric vehicles (EVs), and renewable energy such as solar. All of these sectors rely on semiconductor products.

Among the semiconductor companies to invest in, two have seen share price declines over the past year, creating buy opportunities. They are (NYSE: WOLF) and ASML (NASDAQ: ASML).

Wolfspeed's stock is down more than 80% over the past year. Meanwhile, ASML fell more than 40% from a 52-week high of $1,110 last July to a low of $645 in November, and shares remain well off their high.

Source Fool.com