Semiconductor makers enjoyed strong demand trends earlier in the pandemic due to the spike in sales of laptops and other gadgets amid work-from-home mandates, higher sales of gaming consoles and the rapid digitization of enterprises. However, demand in certain key markets, like personal computers (PCs), has slowed in recent months.
Setting aside macro pressures and the tension between U.S. and China, the long-term growth potential for semiconductor companies remains attractive, based on the demand in data centers amid continued digitization, automotive, and other AI applications.
These semiconductor stocks are worth a closer look amid the current pullback. Which one is Wall Street’s favorite? Let’s take a look.
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