Home / NEWS / Top News / Here are JPMorgan’s favorite chip stock picks for the next year

Here are JPMorgan’s favorite chip stock picks for the next year

Semiconductor wares outperformed the market handily this year and one Wall Street analyst credence ins several companies in the sector will continue to surge higher next year.

The iShares PHLX Semiconductor ETF has mass met 37 percent year to date versus the S&P 500’s 18 percent increment through Friday.

“Looking ahead, we expect the semiconductor industry to proceed exhibiting relatively stable and less cyclical growth,” JPMorgan analyst Harlan Sur a postcarded in a note to clients Monday. “In addition to further industry growth in 2018, we demand M&A/consolidation and aggressive capital returns will likely drive valuation maintain in our stocks through the year.”

Here are four overweight-rated semiconductor usuals recommended by JPMorgan, along with the firm’s current price aims.

Check Also

We tried the Silicon Valley shower head backed by Tim Cook, here’s what it’s like

A San Francisco startup named Nebia, abandoned by some of the biggest names in technology, …

Leave a Reply

Your email address will not be published.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