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Goldman Sachs and Morgan Stanley say these chip stocks have more upside — giving one nearly 50%

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Chip stocks have rebounded this year after performing poorly in 2022. CNBC Pro takes a look at semiconductor stocks that the banks are giving further upside to.

Chip stocks have rebounded this year after performing poorly in 2022. The PHLX Semiconductor Sector Index is up nearly 17% in the year to date, making this sector one of the brightest spots in the market turmoil. Is there more upside?

Pro trawled through Wall Street research to look for semiconductor stocks that Goldman Sachs and Morgan Stanley expect will grow in value. Morgan Stanley In an April 24 note, Morgan Stanley said it expects a "headwind for most broad based companies" toward the second half of the year. But it expects further upside for the following stocks, which it rated equal weight.

's Michael Bloom contributed to this report.

 

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