Trade Alert: Lack of Hardware Investment Spells Trouble For This Chipmaker
Despite the economic lockdown, one bright spot was found in the technology sector. But most of the tech giants are involved in digital services rather than hardware. Companies that depend on consumer hardware sales or business investment are severely lagging during the economic recovery. Jim and Scott target a leading chip manufactuer that will underperform in the face of reduced consumption and discretionary expenditures. This will put pressure on its stock price as a result.