Bernstein: NVDA, AVGO Undervalued
Bernstein names NVIDIA and Broadcom as top semiconductor picks, citing they remain unreasonably cheap despite sector's strong rally
NVDA Semiconductor Outlook: Bernstein Calls NVIDIA And Broadcom "Unreasonably Cheap" • Bernstein names NVIDIA (NVDA) and Broadcom (AVGO) its top semiconductor picks despite the sector's strong rally • The firm says both AI chip stocks remain "unreasonably cheap" • Bernstein upgrades AMD (AMD) to Outperform • Bernstein continues to see upside in Applied Materials (AMAT), KLA (KLAC) and Lam Research (LRCX) • Qualcomm (QCOM) and Intel (INTC) remain rated Market-Perform