Louis Goss is a MarketWatch reporter based in London.
As Nvidia prepares to publish its much-anticipated full-year results this Wednesday, analysts at JPMorgan say VAT Group, ASML Holding, and ASM International all offer the strongest prospects for investors seeking to cash in on an upturn in the market for microchips.
As such, those Europe-based semiconductor companies least exposed to the autos and industrial sectors, which have the highest exposure to the market for memory chips, are set to see the biggest benefits in the near term, said Deshpande and the team. Notably, all three European companies are all focused on making the equipment used to manufacture the advanced microchips used in electronic products, including smartphones and personal computers. In JPMorgan’s view, this puts them in an advantageous position to benefit from any recovery.
In contrast, inventory levels for memory chips improved significantly in the final three months of 2023, having fallen from rates 19% above seasonal averages in the third quarter to rates 1.7% below normal seasonal levels at the end of the fourth quarter of last year.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warnsEvercore ISI's Julian Emanuel finds clients are more worried about being underinvested than overexposed right now.
Read more »
JPMorgan Upgrades Coinbase Shares as Crypto Prices SurgeJPMorgan upgraded the shares of crypto exchange Coinbase (COIN) to neutral to reflect the recent surge in cryptocurrency prices. The approval of spot bitcoin ETFs has contributed to better spot bitcoin flows and higher prices.
Read more »
JPMorgan Chase, BlackRock drop out of massive UN climate alliance in stunning moveJPMorgan Chase, BlackRock and State Street confirmed they are exiting the world's largest climate alliance which seeks to push investors away from funding the fossil fuel sector.
Read more »
US Earnings Preview: What to Expect from NVIDIA ResultsFor NVIDIA to sustain its lofty share price, it's imperative that the company's results meet Wall Street's expectations.
Read more »
How Nvidia’s Investment Arm Is Supercharging A New Class Of AI StartupsI'm a Forbes technology reporter and senior writer based in San Francisco. Send me tips at rnievaforbes.com or richardnievaprotonmail.com.
Read more »
Goldman Sachs lifts S&P 500 target to 5,200, with Big Tech doing heavy liftingForecast comes ahead of crucial Nvidia earnings this week
Read more »