The investment bank Evercore ISI stated in the report that the semiconductor industry’s upward cycle has just begun and listed 7 semiconductor stocks as the top stocks in 2021, including Huida (NVDA-US) Wait.
Evercore ISI analyst CJ Muse said in a report to customers that he believes the semiconductor industry’s upward cycle has just begun and predicts that this situation will continue in the next 6 to 8 quarters.
“As various industries pay more and more attention to digitalization, coupled with key product cycles such as 5G smartphones, AI/ML (artificial intelligence and robotic learning), and the automotive and industrial industries are expected to usher in a recovery, and the PC is expected to continue to be strong, We believe that the global semiconductor output value will increase by 14% in 2021, reaching 500 billionUSD. “Muse said.
In the report, Muse listed 4 chip manufacturers and 3 equipment suppliers as the top choices of semiconductor stocks, including chip manufacturers Huida, Analog Devices (ADI-US), Miko (MU-US) And Qualcomm (QCOM-US). For equipment suppliers, ASML (ASML-US), applied materials (AMAT-US) 和 Teradyne(TER-US)。
Huida is a large graphics chip manufacturer, and its data center business revenue exceeded the gaming business revenue for the first time in the second quarter. Nowadays, affected by the epidemic, consumers around the world are turning to remote learning and work, and demand for notebook sales and cloud services has increased, and Huida has also benefited.
Bank of America analysts have said that the company’s free cash flow is among the top in all technology industries. In addition, the company’s Ampere game chip will continue to promote the expansion of e-sports business. Analysts have increased Huida’s profit forecasts for 2020, 2021 and 2022 by 10%, 14% and 11% respectively.
Investment bank Jefferies analyst Mark Lipacis also named Huida as the top choice for semiconductor stocks. In addition, he also cited other top picks, including Advanced Micro Semiconductors (AMD-US), Microchip Technology (MCHP-US), NXP Semiconductors (NXPI-US), ON Semiconductor (ON-US) 和 Tower Semiconductor (TSEM-US)。
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