TECH - Ahead Of Chip Earnings Analyst Turns More Bullish On Nvidia And These Semiconductor Stocks On Robust AI Demand | Benzinga
Following KeyBanc Capital Markets‘ quarterly supply-chain findings, the firm’s semiconductor analyst John Vinh revisited his estimates for the chip stocks in his coverage universe.
Mixed outlook: Supply-chain checks showed mixed results for the various segments within the semiconductor industry, said Vinh in a note released Monday. Analog saw “signs of life” within China and muted performance elsewhere, he said, adding that the first quarter will likely mark the bottom.
The PC market is set to see roughly flattish performance for the year, the analyst said. In the smartphone market, iPhone demand weakened in China, while it was stronger in India, Vinh said.
The analyst said iPhone shipments are still expected to remain largely flat at about 230 million units for the year as weaker iPhone 15 demand is being offset by stronger demand for legacy models, including the iPhone 12/14 in India and also in China.
Also, high-end Android phone demand remained healthy, offsetting the potential weakness in ...