SKYT Stock Sell-Off Presents Aggressive Opportunity
Newly issued stocks have taken a beating this year. The Renaissance IPO ETF (NYSEARCA:IPO) has fallen by 16% over the past three months, while the S&P 500 has advanced five percent. While the initial public offering (IPO) segment tends to be riskier because the companies tend to be less established, IPOs shouldn’t be avoided.
In the U.S. semiconductor space, which will be a major growth area as the government gets involved, there are numerous opportunities. President Joe Biden has earmarked tens of billions of dollars to drive domestic chipmaking.
To play the domestic computer chip strategy, I like SkyWater Technology Inc (NASDAQ:SKYT)…
Learn more about SKYT stock here
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