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However, according to an International Data Corporation (IDC) report, the chip shortage is expected to normalize by the middle of 2022. Furthermore, according to the report, the semiconductor market is expected to reach $600 billion by 2025, growing at a 5.3% CAGR, compared to the 3% – 4% growth seen historically.
Given this backdrop, we think it could be wise to add under-$20 semiconductor stocks indie Semiconductor, Inc. (INDI), Pixelworks, Inc. (PXLW), and inTEST Corporation (INTT) to one’s watch list. Wall Street analysts expect these stocks to continue rallying in the coming months.
