How to invest in chip stocks? First choice for Fuguo Bank: Micron Tech
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Wells Fargo stated that although companies like NVIDIA and AMD are convincing in terms of "current level and popularity," Micron Tech is its preferred choice in the semiconductor field. Wells Fargo expects that the storage segment of the semiconductor industry will grow by 69% and 15% YoY by 2024 and 2025, respectively, which will benefit Micron Tech. Analysts also noted that the momentum of data center spending continues to be driven by artificial intelligence. In addition, Wells Fargo considers Arm Holdings, Cadence Design Systems, and Synopsys as "core long-term holdings."
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