Citi names Broadcom, Texas Instruments, and Applied Materials top chip picks - Yahoo Finance

As the semiconductor sector experiences a significant market rally, Citi analyst Atif Malik has re-evaluated the industry and identified Broadcom, Texas Instruments, and Applied Materials as top buy r... Read original →

Citi’s bullish stance on Broadcom, TI, and Applied Materials signals a strategic pivot from raw AI compute hype toward supply-chain resilience. Broadcom’s tight integration of custom AI accelerators and VMware creates a defensible data-center moat, pressuring AMD and Marvell. If Nvidia indeed de-specs DRAM for 2027 platforms, it will accelerate HBM4 adoption, boosting equipment makers like Applied Materials amid tightening U.S. export controls on EUV and advanced packaging—raising compliance costs for TSMC (Taiwan, China) and SK Hynix. Texas Instruments benefits from the secular demand in industrial and automotive analog chips, which offer pricing stability and longer product lifecycles. Over the next 18 months, investor focus will shift from ‘who has GPUs’ to ‘who guarantees reliable delivery,’ making capital equipment, analog ICs, and bespoke interconnect solutions the new strategic assets.