Here’s How the World’s Chip Shortage Is Playing Out for Stocks
- Tech-heavy autos, consumer-exposed firms could struggle
- Chip-equipment stocks are benefiting from increased spending
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A global semiconductor shortage has upended the supply of everyday devices from smartphones to gaming consoles to tech-dependent cars. With companies warning the issue may last into the second half, the fallout threatens to weigh on share prices for months to come.
Since news broke in November that Apple Inc. faced a shortage of chips for its latest iPhone, warnings about the impact have been coming thick and fast. Truckmaker Volvo Group and electric-vehicle company Nio Inc. last week joined a long list of auto producers that have idled assembly lines.