Feeling Chipper?
These Semiconductor Capital Equipment Stocks May Be.
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Four Steppers Forward
Since we are apparently soon to be in the eye of an economic hurricane (thanks Jamie Dimon, whose bank is we are sure is in no way scooping up securities dumped by fearful retail investors), there is absolutely no way that semiconductor capital equipment manufacturers can be thriving. Right? Because these companies sell ginormously huge and stupendously expensive machines used in chip fabrication plants. Now, such plants only buy these machines when (1) an increase in volume is on the cards and/or (2) a generational shift in technology is pending - be that a new process node, a new substrate, packaging improvements, whatever. And if the Ende of Dayes Is Nigh, nobody be buying these monoliths.
Well, nobody told capital equipment stocks.
Remember: stocks don’t react to the news. Stocks are ahead of the news.
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