Regarding the latest earnings season, Citi said semiconductor stock performance may be more “moderate” than previous quarterly reports, in part because$Advanced Micro Devices (AMD.US)$A gentle tone will be adopted. Citibank analyst Christopher Danely said that AMD is not expected to raise AI revenue guidelines until summer, while Analog Semiconductor may announce results and guidelines that are broadly in line with expectations, while providing positive comments on the second half of the year's guidance.

The analog semiconductor industry is likely to replenish inventory in the second half of the year, which may result in better-than-expected results, Danely added. He anticipates,$Microchip Technology (MCHP.US)$The earnings season was likely to be the most positive. Danely placed it on the 30-day positive catalyst watch list based on negative sentiment about the stock and positive comments on orders for the second half of this year. Second, thanks to market consensus expectations that there is upward potential, Citi has also added Intel (INTC.US) to the above list.

Furthermore, the PC and smartphone markets (accounting for about 39% of the total semiconductor target market) seem to have stabilized, although the traditional server market is still weak, Danely said.

$Micron Technology (MU.US)$It is still Citi's first choice in this field. The bank reaffirmed its commitment to AMD in the AI field,$NVIDIA (NVDA.US)$,$Broadcom (AVGO.US)$und$Marvell Technology (MRVL.US)$The bullish stance, and the semiconductor equipment sector's$Lam Research (LRCX.US)$und$Applied Materials (AMAT.US)$A bullish stance.