Semiconductor Outperforms In 2019: 5 Best ETFs & Stocks
Zacks Investment Research | Dec 29, 2019 10:15PM ET
The technology sector has been the best-performing sector of 2019 and is heading toward having its best year in a decade driven by chipmakers, most of which saw triple-digit rally. Trade optimism has been the biggest catalyst as chip stocks have a lot of exposure to China. They derive a large portion of their revenues from China since it is the world’s biggest chip market and also have supply chains in the country.
As semiconductors have been the most important driver of the overall technology growth, it is now used in day-to-day life from cars, electronic gadgets to planes and weapons. Chipmakers power much of the world’s technology with their new innovation and set the stage for digitalization in various corners like healthcare, transport, financial systems, defense, agriculture, retail and many others (read: Zacks Investment Research
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