Fund managers and investors have seen substantial gains since the beginning of the year and are looking for a reason to pull profits off the table. The coronavirus seems as good a reason as any to correct this richly valued market. The chip segment is hot right now, and it’s only going to get hotter. Leading chip stocks like Nvidia NVDA, Intel INTC, and TSMC TSM are leading the technological revolution in datacenters, and today’s drop increases their attractiveness. This market may still have more room to fall. I wouldn’t put any sizable positions on yet. I discuss other implications of the coronavirus in my article: How The Coronavirus May Be Impacting Your Portfolio.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.7% per year. So be sure to give these hand-picked 7 your immediate attention.See 7 handpicked stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research