Technology stocks have been battered and bruised in 2022, with the Nasdaq down 32% year to date. As bad as that is, semiconductor stocks have easily outpaced the downturn in the broader tech sector, with the PHLX Semiconductor Index falling 44% so far this year.
However, unlike some high-flying tech stocks that had no basis for their lofty valuations, the companies that make semiconductor chips and equipment are vital to the economy. Their products are the basis of the world as we know it.
Of course, that’s not to say their share prices can’t go lower from here. With this in mind, today I have seven chip stocks to buy on dips.
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