These chip companies can grow despite 'macro headwinds' such as the trade war, says analyst

The California-based AMD and Xilinx are still relatively large, boasting market values of roughly $33 billion and $27 billion, respectively. But compared with a $104 billion colossus such as Broadcom, which gets nearly half of its revenues from mainland China, according to Factset, they're well-positioned to grow despite geopolitical concerns, Wang said.

And while investors might assume that macroeconomic headwinds are a blanket concern for all companies, Wang offered a counterpoint. Wang's current focus is on global semiconductor companies racing to build cutting-edge chips for artificial intelligence applications, where the U.S. and China are neck and neck.

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