Chip giant Nvidia (NVDA) has been at the center of the market rally, reaching record highs in February. However, as more investment is poured into AI, some fear the potential for a bubble to form. Citi Head of US Semiconductor Research Chris Danely joins Yahoo Finance to share his perspective about the AI sector's continued room for growth, despite the fact that AI hardware like semiconductors historically experiences cyclical growth. Danely is particularly bullish on semiconductors, sharing his top pick within the sector: "We've all identified Nvidia as the clear AI leader. I guess in this sort of instantaneous market, they're almost yesterday's news in terms of AI. What we think is going to be the next group of semiconductors or product of semiconductors that's going to have the AI mentioning is going to be memory and specifically DRAM. So, clearly, there's a lot of graphics chips going into it, clearly there's a lot of ethernet chips that Broadcom (AVGO) makes...We think that's the next positive catalyst for the AI market, but you're just starting to see memory come into play as, wow, we need more of this, this is in shortage, and Micron (MU) is the top pick on the DRAM space for us. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Today's Research Daily features new research reports on 16 major stocks, including Broadcom Inc. (AVGO), TotalEnergies SE (TTE) and Lam Research Corp. (LRCX).
Aristotle Atlantic Partners, LLC, an investment management company, released its “Core Equity Strategy” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy returned 12.95% gross of fees (12.84% net of fees), outperforming the S&P 500 Index, which recorded a total return of 11.69%. Both security selection […]