Nvidia, Marvell, Micron, Broadcom among top semiconductor stocks at UBS.
$NVIDIA(NVDA.US$ $Marvell Technology(MRVL.US$ $Micron Technology(MU.US$ $Broadcom(AVGO.US$ are listed among investment firm UBS's favorite semiconductor stocks, even as weakening consumer demand and confidence and rising inventories are hurting the sector.
Analyst Timothy Arcuri noted that there is the possibility that order cancellations start and supply continues to improve as the probability for an economic "hard landing" grows. And while it may be too early to turn positive on the sector as a whole and valuations could still go lower, there are some companies that are poised to do better than others.
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