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Buy These 4 Semiconductor Stocks Before They Surge Even Higher -Breaking

by Mike Robinson

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© Reuters. Grab These Semiconductor Stocks Now Before Prices Go Up

Huge investments made by governments and enterprises worldwide to ramp up production should drive the semiconductor industry’s growth. Fundamentally sound semiconductor companies Wolfspeed, Silicon Laboratories, SiTime, SiTime, MaxLinear, and MaxLinear (MXL) could see their shares continue to rise. Continue reading for more details. Despite the fact that the shortage of semiconductor chips has affected many industries around the world, sales in the semiconductor sector grew by 27.6% over the past quarter. Even though the sector is currently facing production delays, increased investment by corporations and governments should enable it to recover.

Also, technological breakthroughs, such as manufacturing chips that use a 3 nm process that consumes low power and offers low latency and better performance, should drive the industry’s growth. Investor interest in this space is evidenced by the SPDR S&P Semiconductor ETF’s (XSD) 22.6% gains over the past month. By 2026, the global semiconductor market will grow by 7.7% to $778 million.

This backdrop explains why we believe fundamentally sound semiconductor stock Wolfspeed, Inc., Silicon Laboratories Inc., SiTime Corporation, (NASDAQ:) and MaxLinear, Inc., (MXL), have risen by over 35% each month. Therefore, we think these stocks could be solid additions to one’s portfolio now.

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