Craig Johnson Recommends Buying This Stock in Semiconductor Space

Craig Johnson Recommends Buying This Stock in Semiconductor Space
Semiconductors are seen on a circuit board that powers a Samsung video camera at the Samsung MOBILE-ization media and analyst even in San Jose, Calif., on March 23, 2011. Justin Sullivan/Getty Images
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On CNBC’s “Trading Nation,” Craig Johnson of Piper Sandler said the technical charts are showing the picture of strong fundamentals, with stocks surging to new highs.

After looking at the VanEck Semiconductor ETF chart, Johnson said there is still more room to go higher. He added although NVIDIA Corporation is a strong stock, he recommends buying Broadcom Inc. to those who want to have some semiconductor exposure.