While Wall Street patiently awaits Nvidia’s (NVDA) third quarter earnings due out this Wednesday, what are other viable semiconductor stocks for investors seeking to explore the industry? Spear Invest Founder and CIO Ivana Delevska joins Julie Hyman on Yahoo Finance’s Good Buy or Goodbye to talk about these two chip stocks: Marvell Technology (MRVL) and ASML Holding (ASML). “The two players are Marvell and Broadcom (AVGO). I think they’re both well-positioned to benefit. But Marvell is just a smaller company, so it will be just a bigger piece of their revenue base,” Delevska explains, labeling Marvell as her Good Buy based on its positioning in the AI GPU (graphics processing unit) boom.
On the other hand, ASML is Delevska’s Goodbye stock as the chip equipment industry seems unable to keep up with the advances of the broader chip sector while also facing certain export controls: “So China represented as much as 49% of revenues at some point earlier this year. With the restrictions, that’s now down to close to the 30s. So we believe that basically that’s going to continue to decline as we face further restrictions.”
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