April 15 - Oppenheimer highlighted Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Marvell Technology (NASDAQ:MRVL), and Monolithic Power Systems (NASDAQ:MPWR) as its leading semiconductor picks heading into earnings season, citing stable AI-related demand despite growing macro and trade concerns.
Analyst Rick Schafer said the investment firm anticipates mostly positive results across the group, helped in part by early pull-ins driven by tariff uncertainty. However, management guidance may reflect cautious sentiment as U.S.-China trade tensions and unclear forward visibility continue to cloud the broader outlook.
Nvidia is expected to deliver strong performance in the quarter, with unit sales for its NVL72 platform estimated around 40,000, even as the period began at a slower pace. Capex spending from cloud providers is still projected to climb 40% in 2025, providing support to AI infrastructure players.
While semiconductors have largely escaped direct impacts from new tariff proposals, Oppenheimer flagged the possibility of sector-specific levies. Schafer noted such measures would likely weigh more heavily on end-user markets like PCs and smartphones.
AI investment remains a bright spot, with near-term spending expected to stay resilient despite broader economic crosswinds.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。