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Tuesday, May 30, 2023

Nvidia and AMD Among Bank of America Favorite Chip Stocks

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Semiconductor shares have taken it on the chin this 12 months, because the chip scarcity continues and the broader expertise sector struggles.

Concern about rising rates of interest and the potential for recession are also hurting the sector, Bank of America analysts be aware. The PHLX Semiconductor Sector index has slid 25% to date this 12 months.

So what can flip issues round? Bank of America analysts supply 4 potentialities:

1) “An easing of China lockdowns, as they impact the real/perceived supply-demand situation,

Source: www.thestreet.com

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