Bank of America forecasts semiconductor stock recovery by early 2027
NVDA NVIDIA Corp
$168.80 -5.53%
View chart & analysis → - 1The 37% decline in the Philadelphia Semiconductor Index (SOX) from recent highs is greater than the 32% average correction seen in previous bear markets.
- 2A 22% discount is being applied to the semiconductor stocks' 17.7x multiple of the S&P 500.
- 3Lam Research is running a $25 billion program, and Micron plans to begin share buybacks on December 9.
So what's the key point?
The semiconductor index has fallen more than it has in the past. Experts believe these stocks have become much cheaper relative to their earnings.
Source Investing.com · View original ↗
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