SOXX - （iShares PHLX SOX Semiconductor Sector Index Fund）

Related Stocks: IYZ , QQQ , VZ , SOXX , GOOG ,

Among last year’s hardest-hit sectors were semiconductor stocks . The chip industry swung from a supply shortage to a glut as demand slowed following a pandemic-driven surge. The iShares Semiconductor ETF (NASDAQ: SOXX ) lost 35% in 2022, down much more than the broader technology sector. However, SOXX is off to a strong start in 2023, gaining 25% year to date. And that is despite a number of chipmakers delivering disappointing results and forecasts. If this bullish momentum is signaling that the bottom is indeed in for the sector, now may be the perfect time for investors to add some undervalued semiconductor stocks to their portfolios. Even if the recent run-up is a head fake, it is impossible to think of a world without chips. And the passage of the CHIPS and Science Act last year is a huge catalyst for the sector. The legislation allocates $52 billion in funding to bolster U.S. semiconductor manufacturing. Therefore, it’s not so much a question of if the semiconductor sector will recover, but when.

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Texas Instruments shares have significantly outperformed both the S&P and SOXX over the past year. Click here to read my detailed analysis of TXN stock.

The iShares China Large-Cap ETF (NYSE: FXI ) traded higher by 0.2% on Monday after China relaxed some of its COVID-19 shutdown rules. On Monday, Bank of America semiconductor analyst Vivek Arya said China''s reopening could open the door for significant upside for top semiconductor stocks. Semis Bouncing: The iShares Semiconductor ETF (NYSE: SOXX ) had a horrendous first three quarters of 2022 but has bounced in recent weeks. In the past month, the SOXX ETF was up 12.9%. Arya said the recent rally could be from a combination of several catalysts, including bullish market technicals, strong seasonality, optimism about COVID-19 reopening in China or a downturn in inflation. Related Link: Alibaba Up 5%, … Full story available on Benzinga.com

Related Stocks: NVDA , IVE , SOXX , NOC , NFLX ,

Texas Instruments shares have significantly outperformed both the S&P and SOXX over the past year. Click here to read my detailed analysis of TXN stock.

The iShares China Large-Cap ETF (NYSE: FXI ) traded higher by 0.2% on Monday after China relaxed some of its COVID-19 shutdown rules. On Monday, Bank of America semiconductor analyst Vivek Arya said China''s reopening could open the door for significant upside for top semiconductor stocks. Semis Bouncing: The iShares Semiconductor ETF (NYSE: SOXX ) had a horrendous first three quarters of 2022 but has bounced in recent weeks. In the past month, the SOXX ETF was up 12.9%. Arya said the recent rally could be from a combination of several catalysts, including bullish market technicals, strong seasonality, optimism about COVID-19 reopening in China or a downturn in inflation. Related Link: Alibaba Up 5%, … Full story available on Benzinga.com

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Stock markets treat semiconductor stocks to buy as a leading indicator of the health of the technology sector. In 2022, the bear market sent iShares Semiconductor ETF (NASDAQ: SOXX ) down by 44.93%. By comparison, the widely followed S&P 500 ETF Trust (NYSE: SPY ) lost 24.70%. The semiconductor sector’s steep under-performance spells trouble ahead. Chip companies are already cutting back on what is normally heavy spending on capital expenditures. Chip firms are bracing for softness that began earlier this year to continue for the rest of 2022. Chips are down because markets are betting that demand for semiconductors will persist into 2023. This speculation is too bearish. Chips power everything from smartphones, computers and electric vehicles, to centralized servers. Demand for data storage, wider communications bandwidth, and computing problems will not slow. Aggressive investors need to include semiconductor stocks to buy in their growth portfolio. The slowdown may continue for a brief quarter or two.

Nvidia Corp. (NasdaqGS: NVDA) rallied Thursday after a majority of analysts upgraded the chipmaker in response to the corporates sturdy quarterly earnings and outlook, lifting semiconductor sector-specific trade traded funds. On Thursday, the iShares PHLX Semiconductor ETF (NasdaqGS: SOXX) superior 0.5%, the VanEck Vectors Semiconductor ETF (SMH) elevated 0.7%, and the Invesco PHLX Semiconductor ETF (SOXQ) rose [] The post Nvidias Bettering Outlook Helps Carry Semiconductor ETFs appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

Nvidia Corp. (NasdaqGS: NVDA) rallied Thursday after a majority of analysts upgraded the chipmaker in response to the companys strong quarterly earnings and outlook, lifting semiconductor sector-specific exchange traded funds. On Thursday, the iShares PHLX Semiconductor ETF (NasdaqGS: SOXX) advanced 0.5%, the VanEck Vectors Semiconductor ETF (SMH) increased 0.7%, and the Invesco PHLX Semiconductor ETF (SOXQ) rose [] The post Nvidias Improving Outlook Helps Lift Semiconductor ETFs appeared first on ETF Trends .

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