News Formal

These chip stocks will pop on 'the ultimate reopening theme': Bank of America

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

New for subscribers: These chip stocks will pop on 'the ultimate reopening theme': Bank of America. Check out CNBCPro today.

A shopper walks past an ad for Apple's iPhone 12 outside a store in Hong Kong on May 24, 2021.Several "top" semiconductor stocks are set to benefit from whatSemiconductors, or chips, are vital components of smartphones and are also part of the infrastructure needed for 5G technology — the next generation of mobile internet offering extra-fast download and upload speeds.

"5G could be the ultimate 'reopening' theme, as consumers venture out and demand faster cellular broadband coverage and capacity versus last year's dependence on Wi-Fi," the bank's analyst, led by Vivek Arya, wrote in a note published Wednesday. Only around 20% of smartphones had 5G technology last year, but this is set to increase to 40% in 2021, the bank estimated.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro horrible

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European equities open June with rise as value stocks continue to thriveEuropean stocks rose on the first day of June, with mining, oil and bank shares advancing.
Source: MarketWatch - 🏆 3. / 97 Read more »