The growing demand for technology in everyday life, including smartphones and IoT devices, and the expansion of 5G networks are expected to drive growth in the semiconductor industry. The rise of AI and machine learning, along with advancements in electric and autonomous vehicles, further drives the need for advanced semiconductors.
Amid such conducive trends, Wall Street analysts expect fundamentally sound semiconductor stocks, Lattice Semiconductor Corporation (LSCC), Rambus Inc. (RMBS), and Semtech Corporation (SMTC), to surge over 30%.
