Nvidia and AMD Rule The Charts – Here Are Other Semiconductor Plays That Analysts Root For

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Benzinga

Analysts discussed their favorite semiconductor plays on Monday. Citi analyst Christopher Danely expressed his positive stance on semiconductors given the stabilization in the PC, wireless, and server end markets (combined 56% of the semiconductor Total Addressable Market). With semiconductor units down 20% year-on-year in 2023, he noted that the worst unit correction in 22 years is almost through the inventory correction. While Danely expects more estimate cuts to the analog companies due to the auto and industrial correction (combined 30% of semi-TAM), the analyst noted these cuts are gettin…

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