Fly News Breaks for January 15, 2020
NVDA, NXPI, MTSI
Jan 15, 2020 | 06:05 EDT
Piper Sandler analyst Harsh Kumar believes 2020 appears to be a "major recovery year" for the Semiconductor market Gartner expects the industry to grow 12.5%, inventory levels are low across the board, and the trade narrative is "soothing," Kumar tells investors in a research note. As a result, the analyst expects a "strong pick-up" in demand following a roughly 12% decline in 2019. Stock performance will now depend on the slope of the recovery, which is strong, he contends. Kumar's top picks for 2020 are Macom (MTSI), NXP Semiconductors (NXPI) and Nvidia (NVDA).
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