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Semiconductor Stocks Could Be Hot in 2021

It’s amazing how quickly the market can turn on a dime. A few months ago, we were facing down the barrel of a gun. The coronavirus pandemic, trade war, and overall economic slowdown had sent stocks reeling. The major averages plunged into losses and many individual sectors fared much worse. One of the top losers was the chip stocks.

Semiconductors spent much of the year trending lower. Stagnant demand and an oversupply of chips made the sector a no-go for many investors. The continued estimates for slowing worldwide growth only added to the pressure.

But that was then and this is now.

While we are not out of the woods just yet, the world is improving. Thanks to new vaccines, rising consumer/business demand, and overall optimism, semiconductor stocks have bounced back in a big way. The best part is there could be more gains and dividends in the year ahead. For investors, technology’s backbone could make a great play in 2021.

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