Financial institution of The us Likes Those Crushed Down Chip Shares

Semiconductor stocks have tumbled in recent months amid flagging demand, with the S&P Semiconductors Select Industry Index dropping 36% year to date.

That might create buying opportunities for you. Bank of America analysts recently discussed their favorite choices in the sector.

“Near-term, we favor non-consumer oriented markets,” they wrote in a commentary. “We acknowledge the risk of a rolling correction from consumer to data center and auto/industrial markets.”

But, they said, “areas with strong backlog and manageable channel inventories should provide a buffer in the event of slowing demand.”

Leave a Reply

Your email address will not be published. Required fields are marked *