The tech sector lost its luster this year as rising interest rates sparked a rotation toward more conservative investments. Instead of blindly selling all of your tech stocks, you should simply stick with well-run blue-chip companies, which generate stable growth and plenty of cash while trading at reasonable valuations. Accenture is one of the world's largest IT service companies.
All four companies are down substantially from 52-week highs but have numerous growth opportunities. Data centers continue to be vital customers for semiconductor companies, and spending doesn't seem to be slowing down.
Taiwan Semiconductor Manufacturing Co has warned clients for the second time in less than a year that it plans to raise prices, citing looming inflation concerns, rising costs and its own massive expansion plans to help alleviate a global supply crunch, people briefed on the matter told Nikkei Asia. TSMC, the world’s biggest contract chipmaker, is planning to raise prices by “single-digit percentages” across both mature and advanced chip production technologies, according to six people with knowledge of the matter. The planned price increase would take effect by the beginning of 2023, they said.