Chip Stocks Are Going Wild. When to Buy Them
The stock market ripped higher Wednesday -- and chip stocks are a poster child for the rally. When to buy them is more clear now.The major U.S. indexes surged Wednesday, with the Nasdaq Composite up more than 12%. President Donald Trump announced a 90-day pause on reciprocal tariffs except for China, while keeping the baseline 10% rate on all imports to the U.S. in place. The announcement comes after data has showed that consumer and business confidence has plunged, which could portend a plunge in spending -- and a recession. Wednesday, the market is reflecting a slightly greater probability that the U.S. avoids recession.