Bank of America report: Active funds cool on semiconductor stocks, while Nvidia remains popular.

The relative weight of the semiconductor industry has continued to decline from 1.16 times the level in June 2023 to 0.99 times.

Zhitong FinanceJul 3 04:49 ET

Nvidia Is Most-owned Chip Stock in Active Funds - but Another Is Moving up Fast

By Emily Bary Broadcom continues to see its ownership grow It's perhaps no surprise that the most-owned semiconductor stock among active fund managers is Nvidia Corp., according to data from BofA Eq

MarketWatchJul 2 10:48 ET

2024 Mid-Year Outlook | Wall Street Forecasts for U.S. Equities Amidst a Volatile Macroeconomic Landscape

Wall Street Forecasts for U.S. Equities Amidst a Volatile Macroeconomic Landscape.

Moomoo News GlobalJul 2 09:58 ET

Semiconductors in Focus as Relative Weighting for Active Managers Dips Again: BofA

The semiconductor industry was in the spotlight on Tuesday as Bank of America noted that recent data showed relative weighting for the industry continued to decline amongst active managers, despite the strong performance for the sector year-to-date.

Seeking AlphaJul 2 09:17 ET

Don't miss the low-key winners in the AI boom! US semiconductor equipment giants are gathering momentum for a new round of growth.

Zhī tōng cǎi jīng App learned that Wells Fargo & Co, a Wall Street commercial banking giant, recently released a research report stating that semiconductor equipment giants KLA Corp (KLAC.US) and Applied Materials (AMAT.US), as well as lithography equipment manufacturer ASML Holding (ASML.US), are among the most preferred semiconductor equipment stocks that are expected to benefit from the AI ​​boom. Wells Fargo & Co stated that although the entire semiconductor equipment sector has set a new historical high, it may lead to a short-term correction trend and trigger a more difficult profit expectation and target stock price setting, but still bullish on the stock price trend of these industry leaders, with the institution reiterating its 95 target price for KLA Corp.

Zhitong FinanceJul 2 04:08 ET

Q1 Earnings Highs And Lows: Applied Materials (NASDAQ:AMAT) Vs The Rest Of The Semiconductor Manufacturing Stocks

BarchartJul 2 03:41 ET