Bank of America Likes These Beaten Down Chip Stocks
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,…