These Nasdaq stocks are expected to fall as the latter half of the year begins

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Qualcomm Inc,KLA Corp,Lam Research Corp

These semiconductor-adjacent tickers could fall 5% or more in the second half of 2024.

Not all stocks can rally to new heights in the current bull market. Markets have been on a tear this year, largely boosted by the artificial intelligence trade. AI darlings such as Nvidia have led the charge forward, with the graphics processing unit manufacturer up an eye-watering 176% so far this year. The current bull market rally has seen all three major averages notching record high closings.

Using data from LSEG, CNBC Pro screened for the stocks in the Nasdaq 100 that analysts expect to fall at least 5% or more going forward. Nvidia , which just completed a 10-for-1 stock split , found itself on the list of names that could be poised for a selloff. While average analyst consensus has the stock at a buy rating, the consensus price target also forecasts an 11% pullback from its current level.

 

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