Chips have been red hot. So hot, in fact, that it has been nearly impossible to find them. Don’t ask me. Just ask anybody that has tried to buy electronics or a car recently. There are no chips to be found. The good news is, that has made the chip industry red hot. They simply cannot make enough chips for the demand. That is good for business and good for the stocks.One hot chip stock is today’s Bull of the Day. I’m talking about Alpha and Omega Semi AOSL. Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, e-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding. Alpha and Omega Semiconductor Limited Price and Consensus Alpha and Omega Semiconductor Limited price-consensus-chart | Alpha and Omega Semiconductor Limited QuoteAOSL is a Zacks Rank #1 (Strong Buy) in the Electronics – Semiconductors industry. In addition to the favorable rank, AOSL enjoys a Zacks Value Style Score of A, Growth of A and Momentum of D to help it round out with a VGM Composite Score of A.The reason for the favorable Zacks Rank is the recent upside earnings estimate revisions coming from analysts. Over the last sixty days, two analysts have increased their estimates for the current year while one has upped the ante for next year. The bullish sentiment has pushed up our Zacks Consensus Estimate for the current year from $2.86 to $3.41 while next year’s estimates have jumped from $3.15 to $3.64. Tech IPOs With Massive Profit Potential In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names. For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way… If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November. With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.See Zacks Hottest Tech IPOs 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 Alpha and Omega Semiconductor Limited (AOSL): Free Stock Analysis Report To read this article on Zacks.com click here.