Micro Chip stocks is the hottest stock sector in the market right now and it not too late to get in

The pandemic caused labor shortages and it also led to the shortage of microchips that machines makers, carmakers, and other technology device makers need. As a result, these microchip makers like Nvidia and others are doing fantastic and investors who have invested in these stocks made a lot of money. 

List of Microchip makers that can benefit from microchip shortage. 

1. Nvidia is up 130 percent in the 2021 year to date.
2. Microchip Technology is up 22 percent year to date
3. Micron Technology is up 3 % year to date.
4. Intel is up 1.8 % year to date
5. Silicon Laboratories Inc SlAB stock is up 67% year to date
6. Macom technologies solution holding MTSI stock is up 39% year to date
7. Texas Instrument Incorporated TXN stock is up 17% year to date.

Most of these companies are publicly traded and they are selling at an all-time high. If the pandemic continues, we may see a new high because these companies will continue to see demand in microchips and they can even increase how much they charge to meet chip shortage demands.

The pandemic has increased how much we depend on technology to live our lives safely. As a result, we should continue to see the need for more chips that will go into technology devices. More microchips demand means more revenue for chipmakers. 

For investors who don’t mind investing in microchip stocks at this all-time high valuation, the companies listed above are worth taking a look at.

Nvidia stock has gone 130% for the year and some analysts think it can go higher. The company will report its earnings on Wednesday, November 17 when investors will get to see how the company is doing financially and business-wise.  

Microchip Technology, Intel, and other stocks listed above haven't performed badly this year and we are hoping that next year will be a great year for technology stocks. 

Investing in microchip-producing companies can be rewarding, it was rewarding for the entire 2021 stock trading year so far and next year can be another great year. However, please do your due diligence before investing in any stock.