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Top Wall Street banks have picked a raft of semiconductor stocks set to benefit from surging demand as they upped their sales forecasts for this year and next.
A global shortage would mean chip giants could make more money than ever, driven by rising demand from smartphone makers, auto companies and gaming firms — semiconductors are essential parts of such goods.
Goldman’s analysts are “very bullish” on the sector long term and picked several buy-rated stocks likely to get a boost, while BofA chose companies set to benefit from the strongest spending customers.
The banks’ top picks include: