Many semiconductor stocks slumped this year as investors fretted over concerns about slowing sales of PCs and smartphones, the potential overproduction of chips in response to the global chip shortage, and more conservative enterprise spending in a tougher macro environment. As a result, the Philadelphia Semiconductor Sector index has declined about 24% this year as the S&P 500 retreated just 12%.
The growth-heavy Nasdaq Composite index is still teetering on the edge of a bear market, but for investors willing to take on potential volatility, the good news is that some very promising businesses are still trading at huge valuation discounts. To help put investors on the trail of growth stocks capable of delivering explosive returns, a panel of Motley Fool contributors has profiled top picks trading at attractive valuation levels. Read on to see why they believe long-term investors can score big wins by investing in Advanced Micro Devices (NASDAQ: AMD), Cloudflare (NYSE: NET), and RingCentral (NYSE: RNG) at today's prices.
(Bloomberg) -- For investors trying to decipher if the stock market rebound has staying power, Apple Inc. holds a clue.Most Read from BloombergAnshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59Author Salman Rushdie Stabbed on Lecture Stage in New YorkExtreme Heat Uncovers Lost Villages, Ancient Ruins and ShipwrecksTrump Search’s Revelations Open New Political Front for MidtermsTrump Calls for Release of Warrant Documents Used in SearchThe world’s most valuable company has the biggest i