Chip Dip: Is Now the Time to Buy These 3 Semiconductor Stocks?
Broadcom(AVGO) MarketBeat·2024-07-29 11:04
Shares in chipmakers and the semiconductor sector have recently experienced a significant pullback. The VanEck Semiconductor ETF NYSE: SMH, a leader with over 37% gains year-to-date, has entered correction territory, falling over 15% from its 52-week high. This decline has affected several top holdings, including AMD, down nearly 40%; AVGO, down over 18%; and the sector's giant, NVDA, down almost 20% from its 52-week high. As the sector corrects amidst a broader market rotation and reallocation of funds, th ...