Goldman Sachs Names Nvidia, Broadcom and AMD as Top Chip Stock Buys After Selloff

TLDR Goldman Sachs says chip stocks are oversold after this month’s sharp drop. Even with no 2028 earnings growth, Nvidia trades near 12 times earnings and Broadcom near 13 times. The Philadelphia Semiconductor Index is down about 21% over the past month. Wells Fargo raised its view on US AI infrastructure to neutral on November [...]

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