Following a strong showing in 2021, semiconductor companies remain on track for upside yet again in 2022 amid solid demand and lean channel inventories, according to an Oppenheimer analyst.
Growth Stocks To Continue to Outperform
Growth stocks led in 2021, and this trend is likely to continue through the cycle, analyst Rick Schafer said. Data Center/Cloud, 5G and auto are the verticals that are poised for outsized multiyear structural growth, the analyst added.Supply constraints, though curbing upside near term, should materially improve in the second half, the analyst said.
