Semiconductor sector rebounded with 20% surge after correction, UBS advises caution

From Investing.com: 2024-09-07 05:30:00

The semiconductor sector has faced challenges and opportunities recently, with a sharp decline in the Philadelphia Semiconductor Index due to tech correction. However, the sector has rebounded, showing a 20% surge. Analysts warn of macroeconomic headwinds and regulatory challenges, but anticipate potential market influence from Apple’s upcoming product launch. UBS advises caution and strategic portfolio assessment for investors in the tech sector.



Read more at Investing.com: What’s next for semiconductor stocks? UBS weighs in By Investing.com