Semiconductor stocks have been battered this year. The SPDR S&P Semiconductor ETF (NYSE:XSD) has been extremely volatile in 2022, declining by 44% from $250.82 in January to $139.08 on October 13.
I view microchip stocks’ recent price weakness as a long-term opportunity.
One compelling microchip stock is Allegro MicroSystems Inc (NASDAQ:ALGM).
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