Chips Stocks Got Rocked!  Is It A Buy Opp.?
Channel: Stock Docta' Trading
Date: 2023-01-10

#nvidia #mad #semiconductors #chipstocks #shorts $tech
I want to hit my pick for the day, and that's in video. This stock has been absolutely hammered over the past year. The last 12 months, it's down nearly 45% a little more. But today it's actually having a good day, up around 6%, I believe. Basically what's going on here is it got a top pick from Wells Fargo, as well as Credit Suisse, both of them in different ways.

It's worth pointing out that Wells Fargo also added AMD to its top pick list and indeed then also up about 6%. Perhaps on this same news it was last month that UBS picked AMD and NVIDIA and Micron top Semiconductor stocks were 23. But Citi also out with a note most recently saying they expect semi sales down 10% in the quarter.

That's up from their previous prediction of 7% of the news has been mixed if anything. And we thought that CHIPS Act was going to be a real catalyst for the oil industry really has turned out to be anything but but perhaps in the long run, they'll be right here.


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