Advanced Micro Devices and four other chip stocks are considered buying opportunities by KeyBanc Capital Markets after the semiconductor sector’s big drop in share prices this year.
The iShares Semiconductor (ticker: SOXX) exchange-traded fund, which tracks the performance of the ICE Semiconductor Index, is down 30% this year. On Monday, the ETF fell 1.3%; the
S&P 500
and the
Dow Jones Industrial Average
were down 1.8% and 1.4%, respectively.