Semiconductor stocks have taken a beating this year, and until we get some positive economic news, they’ll likely remain pressured. The selling has been across the entire sector.
Rising interest rates and a slowing of the semiconductor industry have driven the stock market selling. But for investors with a long-term perspective, there are opportunities to pick up semiconductor stocks on the price weakness.
In the mid-cap semiconductor space, Amkor Technology, Inc. (NASDAQ:AMKR) has an attractive valuation and strong growth potential. As of this writing, Amkor stock is down by 40% from its record high, which was set in September 2021, so I see it as a long-term opportunity.
This post originally appeared at Profit Confidential.