<JPM Research> Semiconductor and Equipment Sector Expected to Meet or Exceed 4Q Results; Nvidia and Broadcom Given Overweight Ratings

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: 1d ago

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Source: aastocks

Earnings Expectations: JPMorgan anticipates that semiconductor companies will report 4Q25 results that meet or exceed expectations, with positive commentary on 1Q26 and the full-year 2026 outlook.
Top Stock Picks: The firm maintains an Overweight rating on several key semiconductor stocks, including Broadcom, Marvell, Nvidia, Analog Devices, Micron, KLA Corporation, and Synopsys.
Small Cap Outlook: JPMorgan is optimistic about smaller semiconductor firms like MACOM Technology Solutions and Astera Labs, citing their benefits from infrastructure and AI/data center spending.
Market Trends: The positive earnings revision trend observed by JPMorgan in recent quarters is expected to continue, supporting the overall outlook for the semiconductor industry.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.