Advanced Micro Devices, Inc. (AMD) Showcases Performance and Energy Efficiency in Supercomputing

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Credit Suisse starts semiconductor devices at overweight on long-term opportunity

November 16, 2022 10:43 AM EST

Credit Suisse initiated coverage of semiconductor stocks in a note Wednesday, telling investors the current cycle presents short-term challenges but long-term opportunities.

Analyst Chris Caso explained the firm is initiating the semiconductor devices sector with an Overweight view, as they believe there has been enough bad news.

However, the firm remains selective, with a focus on handsets, which it believes... More