Macroeconomic challenges are hurting the Zacks Electronics - Semiconductors industry. However, industry participants like AMKR, PI, SIMO and AOSL are set to gain from smart device proliferation.
Amkor Technology (AMKR) closed at $35.08 in the latest trading session, marking a -1.52% move from the prior day.
Investors target stocks that have lately been on a bull run. Stocks like LPX, MMS, THC and AMKR are seeing price strength and have a high chance of carrying the momentum forward.