Chip Stocks To Watch And Semiconductor Industry News
Summary
Needham analyst Edwin Mok cut his price targets on four chip-gear stocks: Applied Materials,... Read MoreIf you follow the Investors Business Daily analysis of the stock market closely, you know that a significant shift took place this past Monday.Index Funds: Growth Stocks Lead Reversal, But This Sector Gains Key index funds reversed lower in afternoon trading Wednesday, with the tech-heavy Invesco QQQ Trust leading the downside as chips and biotechs dragged.The chipmakers power much of the worlds technology, making it possible for loved ones to talk face-to-face from across an ocean or for Wall Street to move billions of dollars in the blink of an eye.Never has the sector been more competitive, with more than 750 companies vying globally to build the insides of the next hot device or power future megacomputers.