Barclays thinks the recent pullback in chip stocks represents puts the risk/reward in the...
Barclays thinks the recent pullback in chip stocks represents puts the risk/reward in the sector's favor heading into earnings season, and believes inventory replenishment will help drive shares higher into 2H. The firm likes BRCM, QCOM, SWKS, and AVGO on account of their Apple/Samsung exposure (I, II), and is also a fan of telecom chipmakers ALTR and CAVM. (Needham)
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