Wall Street believes the party is over for the U.S. chip industry, but what that means for semiconductor stocks as earnings and forecasts pour in is up for debate.
For months, analysts have been concerned that the global semiconductor shortage could flip quickly into a glut when it ended if customers had double- or triple-bought chips in the early days of the COVID-19 pandemic, and chip stocks started selling off at the beginning of 2022 as a result. Over the course of January alone, the chip sector cratered so badly it was…
