Since 2022, affected by the Fed's rise in interest rates and the fall in chip prices, the semiconductor industry has been constantly "bad-mouthed". Looking ahead to 2023, most institutions believe that chip demand is expected to gradually come out of the bottom and usher in a recovery.

As time enters 2023, US semiconductors are off to a good start.$iShares Semiconductor ETF (SOXX.US)$It has risen by more than 6% this year, far outperforming the market.

Overnight, US semiconductors also broke out collectively.$Amkor Technology (AMKR.US)$Up nearly 9%$NVIDIA (NVDA.US)$、$Advanced Micro Devices (AMD.US)$Increase by more than 5%$GlobalFoundries (GFS.US)$Up nearly 5%.

Looking at the entire semiconductor sector, CITIC has previously pointed out that the current round of US stock semiconductor cycle inventory is basically capped, and stock prices are expected to pick up from the bottom.

Combined with Taiwan Semiconductor Manufacturing Co Ltd, Qualcomm Inc, MediaTek, Intel Corp and other enterprises, Q3 probability is the inventory peak of this round of semiconductor cycle, and the plate is expected to return to normal inventory levels around 2023 after inventory removal in Q4 in 2022 and Q1 in 2023.

In the new year, Wall Street seems to be becoming more optimistic about this area, unanimously bullish on the following semiconductor stocks.

Among them, it is the most promising$Taiwan Semiconductor (TSM.US)$The expected target price is as high as $145.53, with a potential increase of more than 80 per cent over the current latest price; in addition$Marvell Technology (MRVL.US)$The potential increase is as high as 66%.$Advanced Micro Devices (AMD.US)$、$NVIDIA (NVDA.US)$、$Qualcomm (QCOM.US)$Waiting for a potential increase of more than 25%.

Niu friends.

Are you optimistic about the semiconductor industry?

Which stock do you like most?

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