Proceed with caution on chip stocks, warns one top analyst.
Semiconductor stocks tend to more than double the return of the S&P 500 market index in the long run, but the broader market is down by 13% this year and the chip sector is falling twice as fast instead. It's not hard to see why investors are so concerned with the long-term prospects of computer chip stocks. The chip shortage that started in the summer of 2020 is still going on, and the global economy isn't doing too hot in general.
(Bloomberg) -- India plans to overhaul its competition law so that global technology companies will have to seek the country’s antitrust approval for many overseas mergers and acquisitions, an ambitious move by Prime Minister Narendra Modi’s government to gain the kind of influence over Big Tech that Europe and China have.Most Read from BloombergTrump Under Intense Legal Scrutiny After FBI Searches Mar-a-LagoTrump Search Was Unprecedented, But Records Case Will Be ToughUK Plans for Blackouts in