Chip sector recovering
Since I posted about this investment chance last autumn, the Infineon stock has gained momentum. There are more and more signals that the chip industry is recovering. Infineon itself posted a more optimistic quidance for the coming year lately and other chip companies, like Analog Devices surprised with better results than expected.
Infineon reacting
Infineon stock has gained +30% since my last post, after the newsflow is shifting. We are now reached a 52W high, trading above 39€ this morning. The ATH is another 10% away and the chart looks constructive again.
My Position
I have DCAed into the stock over the past months and my position well in the green Numbers (+23%). I am stacking further since I believe this could be the turnaround for the sector and the Company and we might even see a new ATH this year.
Are you invested in Infineon or other semiconductor companies?
