Chip manufacturers and Ferrari

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Wayne McCurrie from FNB Wealth & Investments chose Chip Manufacturers as his stock pick for the day and David Shapiro from Sasfin Securities chose Ferrari.

McCurrie said: "Any chip manufacturer, there's such a shortage of chips worldwide, they're expanding their capacity and they are going to make a killing."

Shapiro said: "I'm going for Ferrari because they're going the electrical route and they've just appointed Benedetto Vigna who's a semiconductor man, he's a chip-man and he's been appointed the new CEO of Ferrari. Yes it's going to take a bit of time but they're going to zoom away."
30 Jun 2021 2AM English South Africa Business · Investing

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