UCTT - 2 Semiconductor Stocks to Buy Hand Over Fist While the Chips Are Down
The chips are down right now, both literally and figuratively. The semiconductor industry is having a rough year as supply has finally caught up with pandemic-related shortages, which is suppressing prices and sending shares of the best producers plunging.
On top of that, the broader stock market is trading in bear territory as high inflation and rising interest rates dampen consumer spending, putting the brakes on the economy. The technology-heavy Nasdaq-100 index has lost 34% of its value in 2022 as a result.
But Ultra Clean Holdings (NASDAQ: UCTT) and MKS Instruments (NASDAQ: MKSI) are two longstanding chip stocks that might be worth buying right now. Each company has a track record of performance that spans multiple decades, each company is highly profitable, and each plays a crucial role in the sector.
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2 Semiconductor Stocks to Buy Hand Over Fist While the Chips Are Down