Published on 5 Apr 2024 on Zacks via Yahoo Finance
5 Solid Semiconductor Stocks to Buy on Rebounding Sales
The semiconductor industry is having a bumpy ride. Sales have been steadily making a rebound but the challenges are far from over. However, the future holds promise given the high demand for chips.
The Semiconductor Industry Association (SIA) said on Apr 3 that global semiconductor sales totaled $46.2 billion in February, up 16.3% year over year. Sales in February 2023 totaled $39.7 billion.
However, after a steady rise over the past few months, semiconductor sales fell 3.1% from January’s total of $47.6.