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NXP Semiconductor Stock Falls, but the 2023 Outlook for EVs and Auto Tech Remains Strong

Nicholas Rossolillo, The Motley Fool
·4-min read
NXP Semiconductor Stock Falls, but the 2023 Outlook for EVs and Auto Tech Remains Strong

It's becoming increasingly clear that the automotive industry will be the target of massive amounts of investment in the coming decade, and well-positioned investors could profit. Given this assumption, NXP Semiconductors (NASDAQ: NXPI) is a top stock to watch right now. The company issued some subdued guidance for 2023, but shares could be a timely purchase this year for investors eyeing the long-term potential of auto technology.

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