Chip Stocks Are Getting Pricey. Here Are a Few That Still Look Cheap.

2 years ago 440

Chip stocks person shined amid planetary semiconductor shortages, but immoderate of the biggest names are looking pricey.

Nvidia (ticker: NVDA), the champion performer year-to-date successful the PHLX Semiconductor index, oregon Sox, has returned astir 130% this year. It present trades astatine 57.9 times estimated 2022 earnings. That’s pricey, adjacent to the stock’s bulls.