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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (84078)	10/17/2019 7:48:20 AM
From: Sam	2 Recommendations Recommended By oldbeachlvr Return to Sender Respond to of 95536

RBC: 3 Semiconductor Stock Giants Primed for Gains Michael Marcus October 15, 2019 The tech industry generates both profits and headlines, but as the last year has shown, it’s not always the right investment for the faint-hearted. The semiconductor sector has shown extreme volatility in the past 18 months, as it is highly sensitive to the US-China trade war. Semiconductor chips are the third largest export from the US, and much of that trade is with China; the sector has bounced up and down in line with news of new tariffs, possible deals, broken talks, and resumed negotiations. Long-term, however, chips have been an excellent investment. The industry as a whole is up over 430% in the last 10 years, so the key here is patience more than quick returns. Most of the major chip companies have already warned that 2H19 results will miss the estimates, and shares are down in response. But is this the time to buy the dip? There are some who say it is. Len Jelinek, senior director of semiconductor manufacturing for IHS Markit, says, “Every market downturn has ended with the arrival of a technical innovation that spurred a major increase in demand… Now another historic innovation is set to take its place among these advances: 5G. However, 5G’s impact will spread far beyond the confines of the tech industry, impacting every aspect of society and driving new economic activity that will spur rising demand for microchips.” His firm predicts a semiconductor rebound next year, with 5.9% industry growth for 2020. In dollar terms, the forecast is an industry increase from $422 billion to $448 billion, as the global switch to 5G brings renewed growth as tech adapts and upgrades – and replaces outmoded chips. The profit potential inherent in 5G, and consequent increased demand, has caught the attention of RBC Capital’s 5-star analyst Mitch Steves. Steves is an expert on the tech sector, with a 72% success rate on his stock reviews, and an impressive 19.9% average return on his recommendations. He’s weighed in on three major players in the US semiconductor scene, and explained what makes each of them a compelling buy. We’ve dipped into TipRanks’ database to find out what he has to say. continues at blog.tipranks.com [AMD, MU and NVDA are the three stocks that are reviewed.]