5 Semiconductor Stocks Set For Explosive Growth In Second Half 2024, Says JPMorgan: Nvidia Not Included
Portfolio Pulse from Surbhi Jain
JPMorgan analyst Harlan Sur highlights five semiconductor stocks poised for significant growth in the second half of 2024: Broadcom Inc (AVGO), Marvell Technology Inc (MRVL), Micron Technology Inc (MU), Analog Devices Inc (ADI), and Microchip Technology Inc (MCHP). These companies are expected to benefit from a cyclical recovery and robust AI demand.
July 15, 2024 | 1:19 pm
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Analog Devices is well-positioned to capitalize on demand across automotive and industrial sectors, making it a standout choice in the cyclical recovery.
ADI's diverse product portfolio and strategic positioning in various end markets are expected to drive growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Broadcom Inc is highlighted for its leadership in networking and AI compute, positioning it for substantial gains as cloud and enterprise workloads recover.
Broadcom's strong position in high-speed networking solutions and AI infrastructure build-out is expected to drive significant growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Microchip Technology is poised for growth with improving fundamentals and a strong presence in the IoT and automotive sectors.
Microchip's strong presence in IoT and automotive sectors, along with improving fundamentals, position it for growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Marvell Technology is set to benefit from increased demand for AI compute and high-speed networking capabilities, particularly in the AI-driven data center space.
Marvell's optical connectivity solutions and potential in AI-driven data centers position it for growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Micron Technology is positioned for a robust recovery in the memory market, driven by demand for AI and high-performance computing.
Micron's expanding 2.5D packaging solutions and strong memory segment are expected to drive growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100