The Case For Semiconductors

Summary

• Semiconductor stocks have outperformed all other industry groups for the past decade, and we see scope for continued outperformance.
• We expect semiconductor content per device to accelerate in automotive, industrial, and various “high-performance computing” applications such as AI over the next three to five years.
• When it comes to semiconductor investing, understanding the industry’s nuances is only part of the success equation.

sankai

Semiconductor stocks have outperformed all other industry groups for the past decade,¹ and we see scope for continued outperformance; however, given a wide range of business models and competitive advantages, there is no one-size-fits-all investment thesis. Here’s how we think about