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Semiconductor Stocks: What's Ahead In 2023?

January 18, 2023
Source: investors.com investors.com
News Snapshot:
After a miserable performance in 2022, semiconductor stocks are looking for a comeback in 2023. Analysts say key segments to watch include cloud computing, electric vehicles and semiconductor equipment. X Last year, the Philadelphia semiconductor index, known as SOX, fell 36% vs. a 19% drop for the benchmark S&P 500 index. The SOX includes the 30 largest semiconductor stocks traded in the U.S. Investors dumped chip stocks amid weak demand for PC, gaming, smartphone and memory chips. BofA Securities analyst Vivek Arya said he is most bullish now on semiconductor equipment makers. He sees chip gear makers gaining from semiconductor...
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