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Nvidia and Marvell Are Still Winners, but Sell These 2 Chip Stocks, Citi Says

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Citi analysts downgraded Skyworks Solutions and Qorvo to Sell from Neutral in a Tuesday report. It kept Buy ratings on Nvidia and Marvell.

Competition fears led one analyst team to downgrade a pair of specialty-semiconductor stocks. Nvidia and Marvell Technology remain Buy-rated, however.

Skyworks stock is down 3.3% to $94.95. Qorvo shares are 4% lower to $91.15, the worst performer in the S&P 500 in premarket trading.

 

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