Published on 28 Mar 2024 on Insider Monkey via Yahoo Finance
11 Undervalued Semiconductor Stocks To Buy According to Hedge Funds
In this article, we will be taking a look at 11 undervalued semiconductor stocks to buy according to hedge funds. To skip our detailed analysis of the semiconductor sector, you can go directly to see the 5 Undervalued Semiconductor Stocks To Buy According to Hedge Funds.
Semiconductor Industry Outlook
The semiconductor space is now more exciting than it ever has been before. While 2023 was a year of struggle for most industries, including the semiconductor industry, 2024 promises a growth spurt. This March, KPMG released its Global Semiconductor Industry Outlook for 2024, where it noted some of the key things to look forward to when it comes to semiconductors while highlighting significant challenges posing a threat to this space. KPMG surveyed 172 semiconductor executives for its report, 85% of whom stated that they anticipate the industry to see double-digit revenue growth in 2024. The main growth drivers for the semiconductor industry today continue to be the automotive industry, artificial intelligence, and microprocessors. While these trends and developments continue to propel semiconductors upward, a majority of semiconductor executives believe that there is a lack of skilled talent in the industry, which poses a significant risk to its growth.