On CNBC’s “Halftime Report Final Trades,” Jon Najarian said options traders were “just buying everything on the screen right now” related to Advanced Micro Devices, Inc. (NASDAQ:AMD), with 68,000 calls changing hands on Tuesday. The CEO has indicated the global chip shortage will not be resolved this year, which gives the company pricing power, Najarian added.
JP Morgan Private Bank’s Anastasia Amoroso said she was looking at the software side of tech stocks, where margins are high and offer secular growth. A lot of stocks in the iShares Expanded Tech Sector ETF (NYSE:IGM) are reasonably priced, Amoroso added.
