Has the semiconductor market just begun? Carefully selected by Wall Street! Which stocks still have a lot of room to rise?

According to Bank of America,The bull market for semiconductors is not over yet, due to the momentum of artificial intelligencePossibility of continuing until mid-2026It is said that there is. BofA pointed out that semiconductor stocks may fall in the short term due to factors such as the US presidential election and monetary policy, but they will remain bullish in the long run. because,The semiconductor industry tends to show a 10-quarter rise after a downcycle、That pattern is just beginning。

“The current upward cycle began in the latter half of 2023 and has just entered the third quarter, which suggests the possibility that the bull market will continue until mid-2026. However, since the trend of semiconductor stocks changes 6 to 9 months before the cycle changes,The peak of semiconductor stocks will be in the latter half of 2025, about a year from nowMaybe. Not only that, but after surviving last year's inventory adjustments, semiconductor market growth accelerated,Double digit sales growth is expected in 2025” BofA said.

Meanwhile, Jeff Degraaf, the CEO of Renaissance Macro, said that semiconductor manufacturersThere is a possibility that it will become unstable over summerI'm watching that there is. Last month, he said on CNBC's “Closing Bell,” “Semiconductors have reached a seasonal turning point. Historically, if you follow seasonal trends,Semiconductor sellers in late JulyThen,Wait and see until mid-OctoberIt makes me want to do it,” he said.

EMJ Capital's hedge fund manager Eric Jackson predicts that NVIDIA's stock price will continue to rise drastically until the end of the year. “Towards the second half of this year,Blackwell chip salesand thatGross profit marginThe market began to look atThe future of Rubin chipsThey also began to think about it, and that sense of expectation began to be reflected in PER, which is high. If that were the case, the company'sMarket capitalization reaches 6 trillion dollars“Probably,” Jackson said.

According to FactSet, NVIDIA's PER (price-earnings ratio) compared to expected earnings for 2025 is approximately 35 times higher. Considering that NVIDIA's earnings are expected to grow 37% over that period, this is definitely not a high variation.

Who are the analysts at Goldman Sachs, AI computingwithWideband storageIt is anticipated that the market share of will expand, and earnings per share forecasts for this year and next year will be raised.

BofA's Vivek Arya says Micron is powered by AIIncreased memory demandIn addition tocloud computingYadata centers, etc.Benefiting from various trendsI said it. Furthermore, AI demand and pricing also support current stock price evaluations close to the upper limit of past book prices. The bank has begun to overcome the bottom of the storage cycle along with improvements in storage prices, and there is a high possibility that market share will expand with broadband storage (expected 2025).

Qualcomm used to be a high-tech stock that was forced to struggle, especially after the slump in fiscal year 23. While many other companies in the semiconductor industry rebelled, Qualcomm's business continued to be in a difficult situation. First, the impact of rising interest rates was significant, and then the slump in the mobile phone market continued. However, the tide is changing, and the company'sThe Snapdragon platform is extremely promisingIt is. The company's processors include a complete set of AI solutions for smartphones, notebook computers, games, and autonomous vehicles. Furthermore, the company's AI CPU “Snapdragon X Elite” is an AI modelRuns 2X faster than the competitionIt is said. This is also the reason why Microsoft chose Qualcomm's arm-based AI chip as the power source for the new surface PC. QCOM stocks with a future price-earnings ratio (PER) of 18One of the most promising tech stocks in 2024That's it.