Semiconductor Stocks: NVDA, AMD Struggle & ON, WOLF Emerge

Semiconductor stocks today are seeing weakness. "Semiconductor companies are in a transition time where old leaders like Nvidia (NVDA) and Advanced Micro Devices (AMD) continue to struggle and new leaders like ON Semiconductor (ON) and Wolfspeed (WOLF) emerge," says Logan Gilland. "There was a massive amount of semiconductor demand during the pandemic for new chips that could not be met. Now, inflation is further reducing demand. Investors in individual stocks should be looking at stocks as businesses and not tickers," says Josh Strange.