TipRanks
Morgan Stanley Says These 3 Semiconductor Stocks Are Hot Buys Right Now
Driven by the enthusiasm for all things AI, the semiconductor sector has outperformed the broader markets this year, with the SOX (the Philadelphia Semiconductor Index) – the sector’s barometer for overall performance – up by 49% year-to-date. The gains have come against a difficult backdrop and an inventory correction that has continued to play out on the device side. Yet, Morgan Stanley analyst Joseph Moore believes that as the inventory correction runs its course over the coming months, the f