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City recommends 3 chip stocks to watch
City Investment Company recommends buying three semiconductor stocks after a sharp decline in their prices, amid the ongoing sector environment that continues to support growth. The Philadelphia Semiconductor Index has risen by nearly 60% since the beginning of the year, despite a 21% decrease since the start of the current quarter. Demand for data centers remains strong, accounting for 34% of the market, while the automotive and industrial sectors are recovering. Meanwhile, consumer demand for devices is declining due to rising memory costs and supply constraints. Estimates indicate that the profits of semiconductor companies in 2026/2027 are expected to increase by 9% and 6%, respectively, with investors favoring companies such as AMD, Texas Instruments, and Applied Materials, which the firm anticipates will be among the best performers. Additionally, forecasts suggest that memory prices will continue to rise, and equipment shortages will worsen through 2027, with industrial and automotive demand growing between 12% and 35%. City sees these factors as supporting its positive outlook and recommends purchasing stocks of these companies, emphasizing their manufacturing strengths and future prospects.
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