Top tech analyst shares a list of his favorite chip stocks
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Analysts at Mizuho highlighted their favorite semiconductor chip stocks in a note to clients this week, saying that "semi investors tend to like and favor signs of a trough or bottom and that is signaled to be 2024." The firm stated they remain bullish on memory and HDDs overall and still like Micron Technology, and Silicon Motion Technology despite the strong outperformance as of late. Mizuho noted a recent article that claimed Samsung could raise SSD pricing as much as 25% quarter-on-quarter in the second quarter, and that strong demand and lack of supply could result in an "out of stock" situation in SSDs for Samsung. "That would be very good for MU and WDC and SIMO in terms of ASPs for their businesses," added Mizuho.



https://www.investing.com/news/stock-market-news/top-tech-analyst-shares-a-list-of-his-favorite-chip-stocks-3364132