Semiconductors

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Chips Are Cheap Again

Jul 7, 2022 1 min read paid

One of the worst performing S&P 500 industries so far this year has been Semiconductors. It is down 36.9% ytd as its forward P/E dropped 44% from 25.0 to 14.0. Meanwhile forward earnings rose 13.1% ytd to a record high. (See our "Blue Angels" chart below).

Ed Yardeni