The Top 3 Semiconductor Stocks to Buy Now: Summer 2024

Semiconductor stocks have been obliterated in recent weeks. True, the painful summertime tumble may be an excellent opportunity to buy at a slight discount. Yet, it’s tough to tell how low the prices will go as the industry experiences its worst plunge in almost two years.At the time of writing, the VanEck Semiconductor ETF (NASDAQ:SMH) is off 17.9% from its high. A textbook double-top technical pattern has played out for SMH stock. And though the implied downside from the pattern may already be in, it’s ha ...