Citi names Broadcom, Texas Instruments, and Applied Materials top chip picks - Investing.com

Citibank's recent investment analysis has identified Broadcom, Texas Instruments, and Applied Materials as top chip stock picks, reflecting the current market performance and investment prospects acro... Read original →

Citi’s endorsement of Broadcom, Texas Instruments, and Applied Materials reflects a strategic bet on irreplaceable capabilities across the semiconductor stack. Broadcom leverages architectural lock-in via AI-optimized ASICs; TI thrives on analog chips’ resilience in automotive supply chains reshored to North America and Europe; Applied Materials benefits from tightened U.S.-Japan-Netherlands export controls that boost demand for its deposition and etch tools—even in mature-node expansions. Regulatory headwinds loom as CHIPS Act subsidies lag, yet their diversified geographic footprints mitigate risk better than peers. TSMC’s Arizona ramp-up will fuel orders for Applied Materials but may force ASML to rebalance support priorities. Over the next 18 months, all three stand to capture windfall gains from supply chain decoupling from mainland China. However, if China achieves credible 28nm equipment self-sufficiency by late 2027, their long-tail growth narratives face material reassessment.