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This Apple Chipmaker Is Primed for a Rebound in April

Harsh Chauhan, The Motley Fool
·4 min read
This Apple Chipmaker Is Primed for a Rebound in April
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Cirrus Logic (NASDAQ: CRUS) started the year flying high as the success of Apple's (NASDAQ: AAPL) iPhone 12 models rubbed off on the chipmaker—but the audio chip specialist's shares have lost a lot of ground over the past couple of months. Cirrus stock's steep decline is a tad surprising, as the company reported a solid set of results at the beginning of February. What's more, recent chatter about Apple's potential production targets suggests that Cirrus may be able to sustain its terrific momentum, as the latest iPhone lineup is seeing the strongest demand trajectory since 2014.