Since our foray into YouTube a few years back we’ve noticed something. The barriers to entry for financial gurus are nada. Anyone with an opinion can start talking about stonks on social media and attract an audience. Bonus points if you post relentlessly about the Holy Trinity – Palantir, Sofi, and Tesla. Most of these instant analysts have no original thoughts or tenured methodology behind their investment process (chasing clout doesn’t require that), so they’re quick to latch onto tickers and pass them around like trading cards. That brings us to today’s topic – Indie Semiconductor (INDI).
Editor’s Note: Some marketing person over at Indie told management it was a good idea to not capitalize the “i” in the company’s name. Clever right? No, it’s annoying. Aside from the title of this article, we’re capitalizing the company name because that’s what 99% of companies do. They use proper capitalization. And now back to your regularly scheduled programming.
Why Cover Indie Semiconductor Stock?
Semiconductor stocks are very popular among retail investors, but they’re also a can of worms. This is a mature industry with lots of selection, and our decisions have always been easy. We’re longtime NVIDIA (NVDA) holders and don’t need any more semiconductor exposure. Were we to exit NVDA, we’d look at names like Synopsys and ASML for reasons we’ve discussed in previous research pieces. So, when the name Indie came up in a recent piece on
