Bank of America says to buy these 16 semiconductor stocks as the US industry is poised to quadruple its growth rate of the past 3 years

Financial world news, market analysis, investment scam prevention tips and more ✔️ Learn all there is to know about the asset management industry. This magazine is crafted specifically for those who are interested in diving into the global asset management world. "While COVID-19 recovery could be uneven and rising rates impact trading multiples, we expect greater investor interest in semis as a source of high-quality alpha generation," said Bank of America analyst Vivek Arya. THOMAS LOHNES/DDP/AFP/Getty ImagesBank of America analyst Vivek Arya has a "strongly positive view" of the US semiconductor industry. Arya believes the sector will grow at an 8% on a compounded basis over the next two years. In a research note, he shares 16 buy-rated stocks exposed to the favorable trends within the sector.  Visit Business Insider's homepage for more stories. As the US economy continues to recover on the back of the COVID-19 vaccine rollout, Wall Street strategists have recommended that investors bet on cyclical companies that tend to rise in tandem with the economy. While many investors have turned to the traditional cyclical value stocks for potential outperformance in 2021, Bank of America analyst Vivek Arya has a "strongly positive view" on a "high-quality cyclical growth sector" - the US semiconductor industry.  Arya is expecting the sector to grow at an 8% compound annual growth rate over the next two years, four times the 2% rate in the past three years. Growth has been sluggish as To keep reading about Bank of America says to buy these 16 semiconductor stocks as the US industry is poised to quadruple its growth rate of the past 3 years, Click on the link. Seoul, Korea
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