Wall Street places more bets on chip sector's soft landing in 2023

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Wall Street places more bets on chip sector's soft landing in 2023
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More on Wall Street are betting on a soft landing for semiconductor stocks that lagged the broader market in 2022.

More on Wall Street are betting on a soft landing for semiconductor stocks that lagged the broader market in 2022 as a two-year, pandemic-driven chip shortage suddenly flipped into a glut.

BofA Securities chip analyst Vivek Arya said Friday that a “soft landing could drive hard takeoff in chips stocks,” although he expects a bumpy start to 2023 “as stocks digest Q4 gains and are exposed to softer consumer demand.” Also read: Salesforce ‘in the penalty box,’ while Workday sidestepping headwinds, analyst says of cloud software space

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