Semiconductor stocks could prove to be a good long-term investment option as demand for semiconductor products is bound to rise on the back of technological advancements and increased global digital connectivity. Smartphone and computer manufacturers are not the only clients of semiconductor companies anymore.

Investing in semiconductor stocks, even those with the best prospects, can be a volatile journey. Investors would do best to buy during sales cycle slumps and reassess a company’s performance relative to peers during boom periods. Over the long term, though, these building blocks of technology will be profitable in spite of the ups and downs.