Nvidia And 5 Other Stocks Are Analyst's Top Semiconductor Picks For 2025, Sees 2 AI Trends
Nvidia And 5 Other Stocks Are Analyst's Top Semiconductor Picks For 2025, Sees 2 AI Trends
The iShares Semiconductor ETF (NASDAQ:SOXX) had a rocky year. While semiconductors at large posted historic gains through 2024's first half, they erased much of their gains in the late summer and fall. One industry analyst is optimistic about the industry's prospects in 2025.
iShares半導體ETF（納斯達克股票代碼：SOXX）經歷了艱難的一年。儘管半導體總體上在2024年上半年實現了歷史性漲幅，但在夏末和秋季，它們抹去了大部分漲幅。一位行業分析師對2025年的行業前景持樂觀態度。
The Semiconductor Analyst: Bank of America analyst Vivek Arya named six of his top semiconductor picks for 2025:
半導體分析師：美國銀行分析師維維克·艾莉亞列出了他在2025年的六個最佳半導體精選：
NVIDIA Corp (NASDAQ:NVDA) with a price target of $190.
Broadcom Inc (NASDAQ:AVGO) with a price target of $250.
Marvell Technology Inc (NASDAQ:MRVL) with a price target of $140.
Lam Research Corp (NASDAQ:LRCX) with a price target of $92.
ON Semiconductor Corp (NASDAQ:ON) with a price target of $90.
Cadence Design Systems Inc (NASDAQ:CDNS) with a price target of $365.
英偉達公司（納斯達克股票代碼：NVDA），目標股價爲190美元。
博通公司（納斯達克股票代碼：AVGO），目標股價爲250美元。
Marvell科技公司（納斯達克股票代碼：MRVL），目標股價爲140美元。
林業研究公司（納斯達克股票代碼：LRCX），目標股價爲92美元。
安森美半導體公司（納斯達克股票代碼：ON），目標股價爲90美元。
Cadence Design Systems Inc（納斯達克股票代碼：CDNS），目標股價爲365美元。
The analyst also downgraded Microchip Technology Inc (NASDAQ:MCHP).
該分析師還下調了微芯科技公司（納斯達克股票代碼：MCHP）的評級。
The AI Boom: Arya cited Nvidia, Broadcom and Marvell as the leaders in AI. He says Lam Research's capital expenditures will recover in 2025 along with the reduction of China headwinds. The analyst also thinks ON Semiconductor will recover from cyclical trends while Cadence Design will benefit from its resiliency.
人工智能熱潮：艾莉亞將英偉達、博通和Marvell列爲人工智能領域的領導者。他說，林研的資本支出將在2025年恢復，同時中國的不利因素也將減少。該分析師還認爲，安森美半導體將從週期性趨勢中恢復過來，而Cadence Design將受益於其彈性。
The analyst sees the semiconductor industry's upcycle lasting into 2025. He noted that past bullish cycles have lasted, on average, roughly 10 quarters, while current bullishness has only lasted five quarters.
分析師認爲，半導體行業的升級週期將持續到2025年。他指出，過去的看漲週期平均持續了大約10個季度，而目前的看漲週期僅持續了五個季度。
Arya sees two major trends affecting the industry in 2025.
艾莉亞認爲，2025年將有兩個主要趨勢影響該行業。
"In the first half, we expect the AI investments driven by AI training and scaling of models to continue, doubling down on the Nvidia Blackwell deployment ramps driven by cloud customers," the analyst said. "At the same time, we expect trends for non-AI end markets to remain weak throughout 1H."
該分析師表示：「在上半年，我們預計，由人工智能訓練和模型擴展推動的人工智能投資將繼續進行，在雲客戶推動的Nvidia Blackwell部署量的基礎上翻一番。」「同時，我們預計非人工智能終端市場的趨勢將在整個上半年保持疲軟。」
Arya expects the CHIPS Act, enacted under President Joe Biden, to remain in place following the inauguration of President-elect Donald Trump. He expects all remaining funding to be dispensed in 2025.
艾莉亞預計，在當選總統唐納德·特朗普就職後，喬·拜登總統頒佈的《CHIPS法案》將繼續有效。他預計，所有剩餘資金將在2025年發放。
The analyst sees the automotive and industrial industries as fueling semiconductor demand in the year's second half.
這位分析師認爲，汽車和工業行業推動了下半年的半導體需求。
"In the second half, we expect a pickup in auto/industrial semis as customer/channel inventories normalize (replenishment + easy comps), as well as a pickup in global auto production," Arya said.
艾莉亞說：「在下半年，隨着客戶/渠道庫存的正常化（補貨+簡易補償），以及全球汽車產量的回升，我們預計汽車/工業半導體將有所回升。」
The analyst projected electric vehicle sales to reaccelerate 29% year-over-year.
該分析師預計，電動汽車的銷量將同比增長29％。
