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费城交易所半导体ETF（纳斯达克:SOXX）在过去的一年中表现不佳。尽管半导体整体在2024年的上半年创下了历史性的收益，但它们在夏末和秋季抹去了大部分收益。一位行业分析师对2025年行业的前景持乐观态度。
The Semiconductor Analyst: Bank of America analyst Vivek Arya named six of his top semiconductor picks for 2025:
半导体分析师：美国银行分析师维韦克·阿亚（Vivek Arya）为2025年命名了六个他最看好的半导体选股：
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.
英伟达公司（纳斯达克：NVDA）的目标价格为190美元。
博通公司（纳斯达克：AVGO）的目标价格为250美元。
迈威尔科技公司（纳斯达克：MRVL）的目标价格为140美元。
拉姆研究公司（纳斯达克：LRCX）的目标价格为92美元。
安森美半导体公司（纳斯达克：ON）的目标价格为90美元。
铿腾电子公司（纳斯达克：CDNS）的目标价格为365美元。
The analyst also downgraded Microchip Technology Inc (NASDAQ:MCHP).
分析师还下调了Microchip Technology Inc (纳斯达克:MCHP)的评级。
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.
人工智能的繁荣：Arya指出英伟达、博通和迈威尔科技是人工智能的领导者。他表示拉姆研究的资本支出将在2025年恢复，同时中国的逆风将减轻。分析师还认为安森美半导体将从周期性趋势中恢复，而铿腾电子将受益于其韧性。
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.
分析师预见半导体行业的上行周期将持续到2025年。他指出，过去的看好周期平均持续了大约10个季度，而当前的看涨趋势仅持续了五个季度。
Arya sees two major trends affecting the industry in 2025.
Arya看到2025年将有两个主要趋势影响行业。
"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."
“在上半年，我们预计人工智能投资将继续，这是由人工智能训练和模型扩展驱动的，尤其是在云客户推动下，英伟达Blackwell的部署会加速，”分析师说。“与此同时，我们预计非人工智能终端市场的趋势在上半年将持续疲软。”
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.
Arya预计在乔·拜登总统任内通过的CHIPS法案在当选总统特朗普就职后将继续实施。他预计所有剩余资金将在2025年发放。
The analyst sees the automotive and industrial industries as fueling semiconductor demand in the year's second half.
分析师认为汽车和工业行业是推动下半年半导体需求的主要因素。
"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.
“在下半年，我们预计汽车/工业半导体会迎来回升，因为客户/渠道库存正常化（补货+易比）以及全球汽车生产的回升，”Arya说。
The analyst projected electric vehicle sales to reaccelerate 29% year-over-year.
分析师预测电动车销售将同比恢复增长29%。
