TXN - Semiconductor market seen as 'a den of bears' due to recession Taiwan invasion fears

Investors looking at the semiconductor companies as a source of opportunity may want to think again, according to a new assessment of the sector by Citi analyst Christopher Danely On Monday, Danely said the market for semiconductor stocks is looking increasing grim. The ongoing war between Russia and Ukraine is front and center on many investors' minds, and Danely said the situation isn't helped at all due to growing sentiment about the possibility of an economic recession and fears about China invading Taiwan. "It's a den of bears out there," Danely said, who added that build ups in semiconductor inventor are creating higher risks and an environment for poor rewards "if you believe a recession is coming." Danely said that after meeting with "several investors", the sentiment toward companies that rely heavily on chip foundry Taiwan Semicondutor (NYSE:TSM), such as Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA) is turning "bearish"

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Semiconductor market seen as 'a den of bears' due to recession, Taiwan invasion fears