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Also, technological breakthroughs, such as manufacturing chips that use a 3 nm process that consumes low power and offers low latency and better performance, should drive the industry’s growth. Investor interest in this space is evidenced by the SPDR S&P Semiconductor ETF’s (XSD) 22.6% gains over the past month. The global semiconductor market is expected to grow at a 7.7% CAGR to $778 billion by 2026.
Given this backdrop, we think fundamentally sound semiconductor stocks Wolfspeed, Inc. (WOLF), Silicon Laboratories Inc. (SLAB), SiTime Corporation (NASDAQ:SITM), and MaxLinear, Inc. (MXL), which have rallied by more than 35% in price over the past month, should continue advancing. Therefore, we think these stocks could be solid additions to one’s portfolio now.
