Lynx sees AI semiconductor rally extending into year-end

Investing.com -- AI semiconductor stocks are poised to extend their recent rally into year-end, with Nvidia, Micron Technology and Sandisk among the names expected to lead the move, according to Lynx Equity Strategies analyst KC Rajkumar. Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See the list now » The Philadelphia Semiconductor Index pulled back modestly Wednesday after four consecutive sessions of gains, but Rajkumar said the broader AI semiconductor rally that began following the Federal Reserve's Sept. 15 meeting remains intact. The sector has increasingly shrugged off concerns that higher bond yields could derail the rally, Rajkumar said, noting that AI semiconductor stocks are being bought in waves.