Semiconductor stocks, arguably, remain viable plays in the stock market now. This would largely be in thanks to the strong demand for semiconductor chips. Evidently, a Gartner (NYSE: IT) report notes that semiconductor revenue grew 25.1% globally in 2021, exceeding $500 billion for the first time. One of the reasons that could explain this growth would be the increase in remote-working due to the pandemic. This, in turn, boosted demand for PCs and laptops significantly. Even now, companies are already extending their work-from-home policies as COVID-19 cases in the U.S. remain high. For this reason, semiconductor stocks could continue to benefit.
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