How the Chips Act Could Benefit Tech Stocks and Investors

This has been a rough year for tech stocks--but there could be reason to hope for long-term growth. Market volatility, supply-chain issues and rising inflation have all contributed to the selloff. Morningstar research also suggests that big tech companies could see a significant hit to third-quarter earnings as a strong dollar eats into profits from abroad. Many exchange-traded funds that focus on tech-stock themes have had an equally rough go. The two largest semiconductor ETFs, iShares Semiconductor ETF (SOXX) and VanEck Semiconductor ETF (SMH), were trading near 52-week lows at quarter's end.