Why semis could rally 20 to 30% within two years (via TradingNation)
The investor who ran the world's largest tech fund during the dot-com boom predicts the semiconductor win streak is just beginning.
Paul Meeks, who came into the year short semis, is now actively putting money to work in the space because he believes the group could surge 20% to 30% within two years."You have to be in early," he told CNBC's "Meeks, who's now a portfolio manager at Independent Solutions Wealth Management, emphasizes semis are highly cyclical. So when they move, it's much earlier than the rest of the tech space.
"The call that I'm making in semiconductors is not that the fundamentals are back to the races," he said. "I actually think we're troughing now in semiconductors and we won't see a re-acceleration of topline growth for another six to nine months."
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