Are Semiconductor Stocks Oversold & A Buy In Any Weakness?

"QUALCOMM (QCOM) started by surprising recently with with two quarters of inventory correction. Semiconductor stocks are quite oversold, but they are still the new oil, and should be considered as buy on any weakness," says Hatem Dhiab. "Nvidia (NVDA) delivered on revenue according to their earnings report after an early warning. Gaming could see prolonged weakness as inventory shakes out, but data center should remain robust," adds Daniel Newman.