Huatheng
2021-12-07
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Applied Materials, Lam, Nvidia, Marvell Top Chip Stocks at Citi
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It recently traded at $147.93, up 1%.</p>\n<p>The company will benefit from its 3-D device business, systems with multiple processors and massive government spending on the chip industry, the analysts said, according to Barron’s.</p>\n<p>“Design complexity and the migration to 3-D structures along with innovations in semiconductor materials will likely generate significant changes and opportunities for material and equipment suppliers,” they said.</p>\n<p>“Sustained government backed spending could help to keep semiconductor equipment spend at elevated levels in the next two-three years and perhaps limit a broader market cyclical pullback.”</p>\n<p>The analysts rated Lam Research buy with a price target of $750. It recently traded at $665.29, up 0.6%. Lam enjoys dominance in flash memory, which will grow along with cloud usage, they said.</p>\n<p>They rate Nvidia buy with a price target of $350. 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