Stifel analyst Matthew Sheerin said demand signals in the technology supply chain "remain quite strong for 2022."
However, Sheerin expects ongoing supply shortages to persist through the first half.
Meanwhile, he sees this setting the stage for a solid second half in the space.
Gainers
Engine Gaming and Media, Inc. (NASDAQ: GAME) rose 51% to $4.80 in pre-market trading after the company reported Q4 2021 and FY21 revenue was higher year over year.
Pure Storage (NYSE:PSTG) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.12 by 83.33 percent. This is a 2100 percent increase over earnings of $0.01 per share from the same