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Technology Stocks : Semi Equipment Analysis

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Nov 28 4:00 PM EST

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From: Sam	8/2/2020 8:49:46 PM
	3 Recommendations Recommended By oldbeachlvr Return to Sender Sr K Read Replies (1) of 95487

Two chipmakers are the best bet on future tech growth, long-time tech investor Paul Meeks says Published Sun, Aug 2 20205:26 PM EDT Keris Lahiff One of the world’s largest companies – Apple – has carried the tech sector higher this year. The iPhone maker has rallied nearly 45% in 2020 and set another record high as recently as Friday, a day after a blowout earnings report. But, Apple isn’t the only way to play strength in the sector, according to long-time tech investor Paul Meeks who manages the Wireless Fund. “Probably my favorite ideas, not necessarily in the near term because I can’t predict the near term but over the next couple of years, are two semiconductor-related names,” Meeks told CNBC’s “ Trading Nation” on Friday. His first pick is Micron Technology, a chipmaker that has lagged a broad rally among the semiconductor stocks this year. “I think they will double their stock price over the next two or three years, whereas some of the marquee tech stocks I think will continue to outperform but they can’t double from here,” said Meeks. continues at cnbc.com

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