Stock prices of chipmakers have soared over the last year as AI became the story of 2023. But in recent weeks, there’s been a notable drop in those shares as growing tensions between the US and China cloud their outlook.
Last week, Chinese manufacturer Huawei revealed its controversial new Mate 60 Pro phone. That led to investigations in the US into how the company managed to launch the phone after spending the past four years under US restrictions that aimed to restrict its access to 5G technology. Huawei’s feat could mean that Chinese technology has been progressing much faster than previously thought.
So how do investors reconcile being told that chip stocks are the future and that geopolitical tensions could put a damper on the industry? What we tell people is focus on the circular drivers and not necessarily the day-to-day kind of moves and some of the geopolitical tensions that are out there. Look, those tensions will probably impact the viability of some of these companies, there are always going to be risks associated with investing in an individual company.
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