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Chipmakers are on pace for their best first quarter ever as fears about global economy ease [CNBC]
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Chipmakers are on pace for their best first quarter ever as fears about global economy ease Michaela Rehle | Reuters Chipmakers are enjoying their best ever start to a year, boosting investor confidence amid lingering concerns of slowing economic growth. The VanEck Vectors Semiconductor ETF (SMH) The recent rally in semiconductor stocks is a sharp reversal after the SMH tumbled during the final few months of 2018 Soft iPhone sales deceleration in cryptocurrency mining ventures Taken in total, during 2018, the ETF saw its worst annual loss in a decade Bouncing back from brutal 2018 But, amid investors' newfound optimism and more encouraging trends in the semiconductor industry, chip stocks have rallied more than 31 percent off of their recent low hit on Dec. 26. The Federal Reserve's move to pause interest rate hikes Advanced Micro Devices Micron The chipmakers' rally has come despite a mixed set of earnings reports over the past several weeks. On Friday, Broadcom Nvidia Intel Qorvo Bu
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