It may come as a surprise to some that, broadly speaking, semiconductor stocks have underperformed in 2024. The PHLX Semiconductor Sector Index, a widely used proxy for semiconductor industry performance, has returned 21% this year.
That is substantially less than the 28% total return of the S&P 500 Index. Additionally, 36 of the largest 70 semiconductor stocks in the United States have a negative total return this year.
