Brad Gastwirth, Wedbush Securities chief technology strategist, joins Yahoo Finance to discuss the growing impacts of the chip shortage as Ford and General Motors are forced to halt production.
TSMC and three other resilient companies will profit from the surging demand for smaller and more powerful chips.
Investing in top technology stocks has been a simple and effective strategy to beat the market. Over the last 10 years, stocks in the Nasdaq 100 technology sector index delivered a total return of 459%, more than doubling the return of the S&P 500. Secular trends, such as the digitization of the economy and the shift to cloud computing, should continue to fuel growth for top names in the tech sector.