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Citi remains 'wildly bullish' on chip stocks

February 29, 2024 11:24 AM EST

Citi is still "wildly bullish" on semiconductor stocks, based on the current demand trends, the firm stated in a note Thursday.

Analysts at the bank noted stable demand in PCs, handsets, servers (which is 53% of the semiconductor total addressable market), and inventory replenishment.

"We look for at... More