• The sell-off in chip stocks on supply worries is overshadowing reasons to buy them, says Bank of America

    10 days ago - By Business Insider

    REUTERS/Michael Buholzer
    Semiconductor stocks have been yanked lower recently on worries about a shortage of chips worldwide but likely annual growth in auto production and in smartphone shipments are among the reasons Bank of America said it still sees buying opportunities in the space. A shortage of chips, largely stemming from production shutdowns and business restrictions resulting from the COVID-19 pandemic, has affected a wide range of companies, including Ford Motor which has said some of its factory work will be interrupted. "To be sure, there are spot shortages in areas such as...
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