BofA Doubles Down on Nvidia, Broadcom as Tariffs Rattle Chip Sec

Bank of America continues to back Nvidia (NVDA, Financial), Broadcom (AVGO, Financial), Lam Research (LRCX, Financial), and Cadence Design Systems (CDNS, Financial) as its preferred semiconductor stocks following the Trump administration’s rollout of new global tariffs.

Analysts led by Vivek Arya noted that while semiconductor components were excluded from the tariff list, the end-products they power — including smartphones, servers, and PCs — are expected to be directly affected. In…