J.P. Morgan Says There’s Room for Over 90% Gains in These 2 Stocks

Nvidia, AMD, and Intel Price Targets Are Cut. This Analyst Sees Semiconductor Demand Slowing.

Semiconductor stocks have soared over the last few quarters, driven higher by robust demand for chips amid a global supply shortage. “On Wednesday afternoon we learned of a sudden negative shift in demand signals from a wide swath of computer, consumer, and communications OEMs [original equipment manufacturer] to at least some of their semi suppliers,” he wrote in a research note. While a single-quarter adjustment or a temporary headwind was possible, he was concerned that “a combination of just enough demand destruction and just enough additional supply is leading to a traditional cyclical downturn.”

Leave a Reply

Your email address will not be published. Required fields are marked *