This Tech Sector Should Surge 60% in 3 Years: 3 Ways to Play It
The semiconductor manufacturing sector is gearing up for a potent surge in the coming years. From artificial intelligence systems to self-driving cars, the need for powerful microchips is soaring everywhere. According to Semi, the global industry association representing the electronics manufacturing and design supply chain, this robust growth signals a promising future for companies that specialize in chipmaking equipment.
Semi's projections suggest a 60% revenue surge in the sector over the next three years, underscoring the compelling investment opportunity in this cornerstone of the digital economy. With such a promising outlook, a panel of tech experts has pinpointed three unique investment opportunities set to thrive amid this market expansion. Let's delve into these exciting plays in the semiconductor capital equipment, or semicap, sector.
Nicholas Rossolillo (KLA): I'm a big fan of semiconductor manufacturing equipment stocks. Industry leader Applied Materials (NASDAQ: AMAT) was my first love, and I later added lithography specialist ASML Holding (NASDAQ: ASML) to my portfolio. But there are actually three other top companies that control the chipmaking equipment space along with these top two. One of them gets little fanfare: KLA (NASDAQ: KLAC).
Source Fool.com
