This post was originally published on this site
Despite the global supply crunch, the semiconductor industry has witnessed 29.7% year-over-year sales growth in August 2021. Since Malaysia, the home to suppliers and factories serving semiconductor makers, has started its production with almost 80% capacity in September, and governments worldwide are investing to boost semiconductor production, the global chip shortage is expected to ease. The global semiconductor market is expected to grow at a 7.7% CAGR to $778 billion by 2026. So, both AMD and ASX should benefit.
While ASX has lost 12.29% over the past three months, AMD has surged 17.57%. Which of these stocks is a better pick now? Let’s find out.
