StocksUS Markets

Rosenblatt’s 4 Best Chip Stocks to Own in 2023

By Senad Karaahmetovic

Rosenblatt analysts have identified several semiconductor stocks that may outperform the broader market in 2023.

While the analysts remain cautious about equities in the first half of the year, they anticipate a more favorable outlook in the latter half.

"Demand for growth will encounter much less of a valuation headwind in 2023 as fundamentals take precedence. We expect a particularly robust second half of 2023 for equities, with technology leading the way. In the meantime, it is advisable to concentrate on fundamentals and prioritize stock selection in your portfolios this year, adopting a proactive approach!" stated Michael Kiernan, Director of Research at Rosenblatt, in a recent note.

The analysts emphasize four semiconductor stocks that should garner investor interest: Marvell, Advanced Micro Devices, Nvidia, and Micron.

"We consider both Marvell and Nvidia as top picks for 2023 due to their unique characteristics that align with significant industry cycles. Our second choice is AMD, which presents the best mid-term opportunity for unprecedented share gains in data center CPUs. Lastly, Micron is our third pick based on the industry’s cyclical trends," the analysts noted.

Related Articles

Leave a Reply

Your email address will not be published.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

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker