Futu Securities found that since 2022, due to the impact of the Fed' S interest rate hike and the drop in chip prices, the semiconductor industry' s "bad news”has been
heard endlessly.
Looking forward to 2023, most institutions believe that chip demand is expected to gradually come out of the bottom and usher in a recovery.
The time has entered 2023, and semiconductor stocks in the US stock market have also ushered in a good start. The $iShares Philadelphia Exchange Semiconductor ETF
(SOXX.US)$ has risen by more than 6% this year, far outperforming the market.
Overnight, the semiconductor stocks in the U.S. also broke out collectively. $AMKR (AMKR.US)$ rose nearly 9%, $NVDA(NVDA.US)$, $AMD.US$ rose more than 5%,
$GlobalFoundries (GFS.US)$ rose nearly 5%.
Looking at the entire semiconductor sector, CITIC Securities has previously pointed out that the inventory of the semiconductor cycle in the current US stock market has
basically reached the top, and the stock price is also expected to rise from the bottom.
Futu observed that, combined with the statements of companies such as TSMC, Qualcomm, MediaTek, and Intel, Q3 is likely to be the high point of inventory in this
round of semiconductor cycle. It will return to normal inventory levels around Q2 in 2023.
Futu noticed that in the new year, Wall Street seems to have become more optimistic about this field, and they are unanimously optimistic about the following
semiconductor stocks.
Among them, $TSM (TSM.US)$ is the most optimistic, with an expected target price of $145.53, a potential increase of over 80% from the current latest price; in addition,
the potential increase of $Marvel Technology (MRVL.US)$ is also as high as 66 %, $AMD (AMD.US)$, $NVDA (NVDA.US)$, $Qualcomm (QCOM.US)$ and others have a
potential increase of more than 25%.
Risk warning: The above content is only the opinion of the author or the guest, and does not represent any position of Futu, nor does it constitute any investment advice
related to Futu. Before making any investment decisions, investors should consider the risk factors related to investment products according to their own circumstances, and
consult professional investment consultants when necessary. Futu makes every effort but cannot confirm the authenticity, accuracy and originality of the above content,
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