It's been a difficult year for the once-booming semiconductor sector. Wall Street analysts give their take on whether it'll return to being a hot favorite.
It's been a tough year for the once-booming semiconductor sector. In a sign of just how bearish the market has turned on it, the ProShares UltraShort Semiconductors ETF , an inverse exchange-traded fund that bets against the sector, has returned nearly 29% this year, while the PHLX Semiconductor Sector Index is down about 34% in the same period.
in the headlines One chip stock that has consistently been on investors' radars is semiconductor powerhouse Taiwan Semiconductor Manufacturing Company . The current slump in the chip sector hasn't deterred Warren Buffett's Berkshire Hathaway from investing in — he built a 1.2% stake in it at the end of the third quarter, making the Taiwanese firm the conglomerate's 10th-biggest holding at the end of September. Deutsche Bank has also highlighted
as a key stock to watch amid what it said is a decoupling in the broader sector. "Amid the deglobalization trend, two ecosystems will likely start to develop within semiconductors in 2023. One centered around the U.S., the other around China," Deutsche's analysts, led by Marion Laboure, wrote in the bank's "Top 10 themes for 2023" note earlier this month.
manufactures 54% of the world's semiconductors and 90% of the most advanced chips. "Regardless of its global importance, its physical presence is local. Nearly all its long-term assets, including its manufacturing facilities, are in Taiwan … In the case that Taiwan goes offline, everything from 5G networks to the development of the 'metaverse', to the availability of dishwashers will be impacted," she said.
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