Right Here Are Jpmorgan’S Favored Chip Shares Going Into Earnings

“Looking ahead into the third quarter, JPMorgan’s research team expects its portfolio of semiconductor firms to drive seasonal 5 to 7 percent revenue growth from the prior quarter.
JPMorgan is positive on semiconductors ahead of the second quarter earnings reporting season, arguing that continued demand for cloud and data centers are driving growth in the industry.
The analyst noted that much of the expected gains are derived from continued investment in data processing and storage companies.
Here are three of JPMorgan’s top “overweight” semiconductor stock picks.
“[The data] suggests the industry grew 3-5% Q/Q versus historical average of 3% Q/Q.

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