Morgan Stanley Rates North America Semiconductor Sector “Attractive,” Keeps Nvidia as Top Pick, Bullish on Broadcom

TechFlow, Nov. 10 — Morgan Stanley's latest research report noted that recent risks may make the North American semiconductor sector more range-bound, but the bank favors buying as prices approach the lower end of the range. Morgan Stanley rated the North America semiconductor sector “Attractive,” kept Nvidia as its top pick, and also liked Broadcom, while the risk-reward for SanDisk and Micron Technology was becoming increasingly attractive. Morgan Stanley said its preferred subsector ranking was GPU/XPU computing, memory, semiconductor manufacturing equipment, analog chips, networking chips, and CPUs.

Source: TechFlow