Investment Clubs Were Big Buyers of this Chip Maker in January 2022
The #1 stock on the myICLUB.com Top 40 for January 2022 was down 65% from Its all-time highs. Did they spot a bargain?
NVIDIA Corporation was the most purchased stock by investment clubs in January 2022, even though the stock bottomed out around 65% below its 52-week and all-time high price of $346. The stock did recover int the last few days of the month.
Do investment clubs see the current situation with the broad market for semiconductors as offering a good buying opportunity for chip stocks? Digginf deeper, NVIDIA was one of six stocks from the Semiconductor industry in the myICLUB.com Investment Club Top 40 for the month, a good showing for the embattled industry group.
Here are all the chipmaker stocks in the Top 40 and their position by number of clubs buying during the month:
|8.||Advanced Micro Devices Inc||AMD|
|15.||Skyworks Solutions Inc||SWKS|
|32.||Marvell Technology Inc||MRVL|
|39.||Micron Technology Inc||MU|
Each month, America's investment clubs buy and sell stocks for their club portfolios, and these transactions are tracked in the myICLUB.com Investment Club Top 40. Click here to see the current myICLUB.com Top 40.