3 Stocks to Buy as an Analyst Sees Semiconductor Spending Surging 88%

Key Points SK Hynix should be one of the biggest winners from a surge in memory spending. Nvidia remains poised to benefit from soaring semiconductor and server sales. ASML will benefit from the increased demand for both memory and logic chips. 10 stocks we like better than Nvidia › Bank of America analyst Vivek Arya recently published a note predicting that the semiconductor market will grow to $3.2 trillion in 2030 from $1.7 trillion this year, an 88% increase. The analyst noted that despite some recent rhetoric about slowing artificial intelligence (AI) investments, his team has seen no slowdown in orders, capacity commitments, or pricing, all of which remain strong.