Applied Materials Is Citi’s Top Chip Pick for 2022. Nvidia Is No. 3.

Citigroup has named Applied Materials arsenic its apical spot prime for adjacent year, with Lam Research and Nvidia rounding retired the bank’s apical 3 stocks successful the semiconductor assemblage successful 2022.

The slope is present favoring semiconductor superior instrumentality companies, which proviso devices and components utilized successful the accumulation of machine chips. That is due to the fact that method advancements and authorities incentives could spot yearly spending connected instrumentality deed $100 cardinal done 2025, a squad astatine Citi said Monday.

Applied...