BUSINESSMARKETWATCH
Chip stocks enter bear-market territory. A BofA analyst says not to panic.
Chip stocks have entered bear-market territory, but a BofA analyst advises against panic. The semiconductor sector is undergoing a reset and has a tendency to underperform in the third quarter.
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Adjacent reporting
- Semiconductor stocks are on the verge of a bear market. Is the thrill in the chips trade gone?
- South Korea falls into bear market as traders fret over AI chipmakers’ prospects
- The chip pullback is ushering in a bumpy market. These sectors are the best bets now, according to Morgan Stanley.
- JPMorgan Warns Chip Stock Rally Poses Risk of Market ‘Tantrums’
- Chip Stock Slump Rekindles Wall Street’s Buy-the-Dip Habit