Chip Stocks Are Getting Pricey. Here Are a Few That Still Look Cheap.

 Chip Stocks Are Getting Pricey. Here Are a Few That Still Look Cheap.

Chip stocks have shined amid global semiconductor shortages, but some of the biggest names are looking pricey.

Nvidia (ticker: NVDA), the best performer year-to-date in the PHLX Semiconductor index, or Sox, has returned roughly 130% this year. It now trades at 57.9 times estimated 2022 earnings. That’s pricey, even to the stock’s bulls.

Bernstein…

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