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published in Blogs
Dec 07, 2021
Applied Materials, LAM top picks for 2022 at Citi

Applied Materials, LAM top picks for 2022 at Citi

Citigroup analysts’ top four semiconductor picks for 2022 are Applied Materials, Lam Research, Nvidia  and Marvell Technology.

On Applied Materials, the analysts mentioned that the company will gain from its 3-D device business, systems with multiple processors and substantial government spending on the chip sector. They have given a rating of buy and price target of $175 for Applied Materials stock.

The analysts gave a rating of buy and a price target of $750 for Lam Research shares. According to the analysts,  Lam has a dominant position in flash memory, which they believe will grow along with cloud usage.

Citi analysts gave Nvidia a buy rating with a price target of $350.  They consider it a “secular winner” in the metaverse.

 

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