Investment in the chip market

Investors in the chip market heard this message loudly and clearly. ST shares rose more than 9% on Wednesday morning, and TI rose 4% in early trading. Embedded chip specialist NXp Semiconductors (NASDAQ: NXpI) has engaged in fierce competition with these two companies in many of the most important target markets, and it rose 9% during the session. Sector giant Intel (NASDAQ: INTC) rose 5.7%, combining these encouraging earnings reports with its bullish analyst report.

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In short, the chip industry seems to be expected to rebound strongly in the next two quarters. The virus crisis has not destroyed the long-term strength of this increasingly important industry. Investors inevitably bought in dips during this process, and do not have to worry about buying the top stocks in the industry.

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