A massive sell-off in chip stocks has created an opportunity to buy the dip on two 'quality' and 'dominant' chip stocks, Morgan Stanley says.
A massive sell-off in semiconductor stocks this year has created an opportunity to buy the dip, Morgan Stanley says, naming the two global chipmakers it expects to dominate. Semiconductor stocks have taken a beating this year, amid a broader sell-off across the tech sector. But Morgan Stanley believes this has created an opportunity to invest in some of the "highest quality" and "most dominant" global semiconductor companies at attractive prices.
and Samsung are the only two companies operating foundries for the fabrication of leading-edge semiconductors, and count the likes of Apple , Qualcomm and Nvidia among their biggest customers. Both " , the bank said. The company delivered compounded annual sales growth of 10% between 2015 to 2020, compared to 7% at Samsung, according to Morgan Stanley. This is expected to continue into 2023, with
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