Bank of America: Chip stocks are expected to rebound in October, with Nvidia and others potentially performing well

Bank of America believes that the recovery of the semiconductor sector may come earlier than the U.S. election. Wall Street insiders believe that the semiconductor stock market will continue to fluctuate, but analysts at Bank of America believe that this sector may start to recover in October. Historical data shows that the fourth quarter and the first quarter are the two strongest quarters for semiconductor stocks. NVIDIA, Broadcom, and KLA Corporation may perform well. If volatility rises and demand falls, Broadcom, Cadence Design Systems, and Synopsys may perform well. In the event of a recovery, stocks such as Arm, Micron Technology, and ON Semiconductor will perform well