By Nauman Khan
Publication Date: 2026-01-21 11:19:00
This article first appeared on GuruFocus.
Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), NXP Semiconductors (NASDAQ:NXPI) and Analog Devices (NASDAQ:ADI) are Citi’s top semiconductor picks heading into earnings, analyst Atif Malik said in a client note.
Malik told clients he expects a generally positive semis-earnings season and anticipates estimates rising across much of his coverage.
He favors data-center chips tied to AI and general-purpose servers, saying compute and networking demand for next-generation reasoning models may lift Nvidia and Broadcom as core AI holdings.
Malik also flagged analog semiconductors as nearing a cyclical upturn. Low inventories and pressured margins set the stage for Analog Devices and NXP to benefit, he said, pointing to attractive valuations.
The analyst expressed caution on names exposed to PCs and smartphones, where higher bill-of-materials costs could weigh on unit growth.
Malik sees…
