Put Your Chips on These Beaten-Down Chip Stocks

Put Your Chips on These Beaten-Down Chip Stocks

Do you run with the crowd or zig when other traders zag? Even the staunchest value hunters need to sharpen their contrarian instincts from time to time, as groupthink can lead us astray. So, what beaten-down beauties should audacious traders consider as 2022 embarks on its perilous final quarter?

If you're going to bet on a near-term market bottom, you might as well cherry-pick the demolished gems, as they could retrace fast and far. While microprocessor makers aren't the only market segment worth looking at now, there's no denying that modern civilization can't function without those little chips - and in the Fed-induced frenzy to jettison so-called "growth stocks," some of the biggest semiconductor manufacturers have fallen deeply out of favor.

With that, a couple of assets previously pigeonholed as growth stocks now belong in the value category. They also offer a nice added bonus in the form of dividend payments, so income-focused investors ought to get in early and often if they're so inclined.